Directors of UGI Corporation (NYSE: UGI), a holding company with
utility, propane marketing and energy services subsidiaries, approved an
increase in the quarterly dividend of 4% to $0.27 a share on the
company’s common stock. The dividend is payable July 1, 2012 to
shareholders of record as of June 15, 2012.
Lon R. Greenberg, chairman and chief executive officer of UGI, said, “We
are very proud of UGI’s tradition of paying a common dividend for 128
consecutive years and of increasing the dividend for 25 consecutive
years. We are pleased to once again deliver on our commitments to UGI’s
shareholders despite experiencing the effects of one of the warmest
winters in the Company’s history. Our long term track record of paying
and increasing our dividend, while retaining a substantial amount of
cash to reinvest in UGI’s businesses, demonstrates the merits of UGI as
a growth and income investment.”
UGI 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% of AmeriGas
Partners, L.P. (NYSE:APU), the nation's largest retail propane
Comprehensive information about UGI Corporation is available on the
Internet at http://www.ugicorp.com.