VALLEY FORGE, Pa.–(BUSINESS WIRE)–Directors of UGI Corporation (NYSE: UGI), a holding company with utility, propane distribution and energy services subsidiaries, approved an increase in the quarterly dividend of 4.4% to $0.2375 per share on the company’s common stock. The dividend is payable July 1, 2016 to shareholders of record as of June 15, 2016.
John Walsh, president and chief executive officer of UGI, said, “We are pleased to continue our tradition of increasing our dividend. This increase reflects our ongoing confidence in UGI’s ability to generate high levels of cash flow. We will continue to seek a balance between returning cash to shareholders and reinvesting cash to achieve our long-term growth objectives.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26 percent of AmeriGas Partners, L.P. (NYSE:APU), the nation’s largest retail propane distributor. Comprehensive information about UGI Corporation is available at www.ugicorp.com.