UGI Corporation (UGI) will raise its quarterly dividend by 4.4 percent to $0.2375 per share in 2016.

John Walsh, president and chief executive officer of UGI, said, "We are pleased to continue our tradition of increasing our dividend. This increase reflects our ongoing confidence in UGI's ability to generate high levels of cash flow. We will continue to seek a balance between returning cash to shareholders and reinvesting cash to achieve our long-term growth objectives."

UGI Corporation 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 eleven eastern states, the District of Columbia and internationally in France, Belgium the Netherlands and the UK. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (APU), the nation's largest retail propane distributor. The company's business segments are: AmeriGas Propane, UGI International, Midstream & Marketing and UGI Utilities.