UGI Corporation (UGI) will raise its quarterly dividend by 1.5 percent to $0.33 per share in 2020. This marks the 33rd consecutive year of dividend increases by the distributor and marketer of energy products and services.

The next dividend is payable July 1, 2020 to shareholders of record as of June 15, 2020. A new annualized rate of $1.32 per share yields 4.7% at a stock price of $27.95.

“We are pleased to announce that UGI has increased its dividend for the 33rd consecutive year,” said John L. Walsh, President and Chief Executive Officer of UGI in the company's press release today announcing this dividend hike. “UGI has demonstrated an ability to practice sound balance sheet management in all market conditions. This discipline has enabled UGI to honor its commitment to shareholders during challenging economic conditions while still maintaining strong liquidity to fund its operations. Over the past five years, UGI’s dividend has a compound annual growth rate of 7.7%, well above our 4% commitment to shareholders.”

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.