UGI Corporation (NYSE:UGI) has announced the authorization of a quarterly dividend increase by 25%. The dividend was increased to $0.25 per common share. This represents an annualized dividend rate of $1.00 per share. The dividend will be paid on July 1, 2010 to shareholders of record. The record date for the dividend is June 15, 2010. This quarter’s dividend marks the company’s 23rd consecutive annual increase. It is also the 126th consecutive annual dividend paid.
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UGI Corporation (UGI) is a holding company that distributes and markets energy products and related services through subsidiaries and a joint venture. The Company is a domestic and international retail distributor of propane and butane (liquefied petroleum gases (LPG)). UGI is a provider of natural gas and electric service through regulated local distribution utilities, and also a generator of electricity. It is a regional marketer of energy commodities, and a regional provider of heating, ventilation, air conditioning, refrigeration and electrical contracting services. The Company’s subsidiaries and joint venture operates in five segments: AmeriGas Propane, International Propane, Gas Utility, Electric Utility and Energy Services.
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