UGI Corporation (UGI) will raise its quarterly dividend by 4.5 percent to $0.345 per share in 2021. This marks the 34th consecutive year of dividend increases by the distributor and marketer of energy products and services. The new dividend yield is 3% at a stock price of $45.62.

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.