Press release from Business Wire
UGI Increases Annual Dividend 4.6%, Marking the 129th Year of Common Dividends and the 26th Consecutive Year of Annual Dividend Increases
Tuesday, April 30, 2013
UGI Increases Annual Dividend 4.6%, Marking the 129th Year of Common Dividends and the 26th Consecutive Year of Annual Dividend Increases17:00 EDT Tuesday, April 30, 2013
VALLEY FORGE, Pa. (Business Wire) -- 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 4.6% to $0.2825 a share on the company's common stock. The dividend is payable July 1, 2013 to shareholders of record as of June 14, 2013.
John Walsh, chief executive officer of UGI, said, “We are extremely proud of UGI's tradition of paying a common dividend for 129 consecutive years and of increasing the dividend for 26 consecutive years. The dividend increase reflects our confidence in UGI's future prospects and cash flows.”
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 .
Hugh J. Gallagher, 610-337-1000 ext. 1029
Simon Bowman, 610-337-1000 ext. 3645
Shelly Oates, 610-337-1000 ext. 3202