UGI Corporation (NYSE:UGI) to Issue Quarterly Dividend of $0.38

Key Points

• UGI Corporation will issue a quarterly dividend of $0.375 per share on October 1st, benefiting stockholders of record as of September 15th.
• The company has a payout ratio of 47.8%, indicating that its dividends are well-covered by earnings, with analysts predicting a future payout ratio of 48.5%.
• Despite a recent dip of 0.4% in stock price to $36.19, UGI's market cap stands at $7.76 billion and has a twelve-month trading range of $23.09 to $37.42.

UGI Corporation (NYSE:UGI - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.375 per share by the utilities provider on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.1%.

UGI has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect UGI to earn $3.09 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 48.5%.

UGI Stock Down 0.4%

Shares of NYSE:UGI traded down $0.16 during midday trading on Wednesday, hitting $36.19. 1,422,594 shares of the company's stock traded hands, compared to its average volume of 1,950,319. The firm's fifty day moving average price is $35.97 and its two-hundred day moving average price is $33.88. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. UGI has a twelve month low of $23.09 and a twelve month high of $37.42. The company has a market cap of $7.76 billion, a PE ratio of 14.89, a P/E/G ratio of 1.76 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. UGI had a net margin of 7.28% and a return on equity of 16.21%. On average, equities research analysts anticipate that UGI will post 3.02 EPS for the current fiscal year.

UGI Company Profile

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.

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