UGI Corp (NYSE:UGI) announced a quarterly dividend on Wednesday, November 29th, RTT News reports. Investors of record on Friday, December 15th will be paid a dividend of 0.25 per share by the utilities provider on Monday, January 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 14th.

UGI has increased its dividend by an average of 8.1% annually over the last three years and has raised its dividend every year for the last 31 years. UGI has a payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UGI to earn $2.64 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 37.9%.

Shares of UGI (UGI) traded down $1.08 during midday trading on Wednesday, reaching $48.32. 832,500 shares of the company were exchanged, compared to its average volume of 692,472. UGI has a 12-month low of $43.92 and a 12-month high of $52.00. The stock has a market capitalization of $8,553.71, a P/E ratio of 21.57 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.00 and a quick ratio of 0.84.

Several equities analysts have issued reports on UGI shares. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Barclays reaffirmed a “sell” rating and set a $48.00 price objective on shares of UGI in a report on Thursday, October 19th. Finally, BidaskClub raised shares of UGI from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. UGI currently has a consensus rating of “Hold” and an average target price of $48.75.

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About UGI

UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.

Dividend History for UGI (NYSE:UGI)

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