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 4.6% to $0.2275 per share on the company’s common stock. The dividend is payable July 1, 2015 to shareholders of record as of June 15, 2015.
John Walsh, president and chief executive officer of UGI, said, “We are proud of our tradition of consistent dividend increases. We believe this increase represents our ongoing confidence in our ability to generate cash flows and seeks to strike a balance between returning that cash to our shareholders and reinvesting it to grow the business.”
About UGI
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 distributor.
Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.
Contacts:
William Ruthrauff, 610-337-1000 ext. 6571
Shelly
Oates, 610-337-1000 ext. 3202