Yesterday, May 4th the Board of Directors of UGI Corporation
(UGI) announced
a quarterly dividend increase of from $ 0.345 to $ 0.36 per share that’s
payable July 1, 2022 to holders of record June 15, 2022. This represents a 4.35%
increase over the last quarter dividend.
Roger Perreault, President and Chief Executive Officer of
UGI, said, “We are pleased to increase our common stock quarterly dividend,
marking the 35th consecutive year of increases. This increase is reflective of
our strong balance sheet and ongoing confidence in UGI’s cash generation
capability. Over the past 10 years, UGI’s dividend has provided a compound
annual growth rate of 7.2%, well above our 4% commitment to shareholders.”
With current price $ 37.10 (yesterday's close), this raise
brings their dividend yield to 3.88%.