UGI Co. (NYSE:UGI) Plans $0.38 Quarterly Dividend

UGI Co. (NYSE:UGI) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.375 per share by the utilities provider on Tuesday, October 1st. This represents a $1.50 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Monday, September 16th.

UGI has raised its dividend payment by an average of 4.1% annually over the last three years and has raised its dividend annually for the last 36 consecutive years. UGI has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Analysts expect UGI to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 47.8%.

UGI Trading Up 2.2 %

UGI stock opened at $24.01 on Friday. The business’s 50-day moving average is $24.15 and its 200 day moving average is $24.18. UGI has a 12-month low of $20.19 and a 12-month high of $26.15. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -58.56 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm’s revenue was down 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that UGI will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.