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UGI Declares 127th Consecutive Annual Common Dividend; Sets 24th Consecutive Annual Increase at 4%

^{Published on 2011-04-28 11:06:13 - Market Wire}
 

VALLEY FORGE, Pa.--([ BUSINESS WIRE ])--Directors of UGI Corporation (NYSE: UGI), a holding company with utility, propane marketing and energy services subsidiaries, approved an increase in the quarterly dividend of 4% to $0.26 a share on the companya™s common stock. This increases the annualized dividend rate to $1.04 per share. The dividend is payable July 1, 2011 to shareholders of record as of June 15, 2011.

Lon R. Greenberg, chairman and chief executive officer of UGI, said, aWe are proud of our tradition of paying a common dividend for 127 consecutive years and of increasing the dividend for 24 consecutive years. Our long term track record of increasing the dividend, while at the same time retaining a substantial amount of cash to fund key investment opportunities, demonstrates the merits of UGI as a growth and income investment.a

About UGI

UGI 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 the Mid-Atlantic region. UGI owns 44% of AmeriGas Partners, L.P. (NYSE:APU), the nation's largest retail propane distributor.

Comprehensive information about UGI Corporation is available on the Internet at [ http://www.ugicorp.com ].