UGI Co. Declares Quarterly Dividend of $0.38 (NYSE:UGI)

UGI Co. (NYSE:UGI - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.375 per share by the utilities provider on Monday, July 1st. This represents a $1.50 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Friday, June 14th.

UGI has raised its dividend payment by an average of 4.1% annually over the last three years and has raised its dividend every year for the last 36 years. UGI has a payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Analysts expect UGI to earn $3.10 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 48.4%.

UGI Stock Performance

Shares of NYSE:UGI traded down $1.66 during trading on Thursday, hitting $24.23. 5,389,818 shares of the company were exchanged, compared to its average volume of 2,085,750. The company has a market cap of $5.08 billion, a PE ratio of -11.01 and a beta of 1.13. The stock has a 50 day moving average of $24.63 and a 200 day moving average of $23.46. UGI has a 52-week low of $20.19 and a 52-week high of $33.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $3.07 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The business's quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. As a group, equities research analysts predict that UGI will post 2.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Mizuho increased their target price on UGI from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. StockNews.com cut UGI from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. TheStreet raised UGI from a "d+" rating to a "c-" rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company cut UGI from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $27.00 to $28.00 in a research note on Thursday, March 14th.

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.