UGI Corporation (UGI) will raise its quarterly dividend by another 8.3 percent to $0.325 per share in 2019. This is the second dividend hike announced by the company this year. This is the second of two dividend increases announced in conjunction with the AmeriGas merger transaction, according to UGI in today's press release

The next dividend is payable October 1, 2019 to shareholders of record as of August 9, 2019. A new annualized rate of $1.30 per share yields 2.6% at a stock price of $50.24.

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.