UGI Corporation (UGI) to Issue Quarterly Dividend of $0.25 on October 1st
UGI Corporation (NYSE:UGI) declared a quarterly dividend on Tuesday, July 25th, RTT News reports. Investors of record on Friday, September 15th will be paid a dividend of 0.25 per share by the utilities provider on Sunday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, September 14th.
UGI Corporation has increased its dividend by an average of 8.1% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. UGI Corporation has a payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect UGI Corporation to earn $2.51 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 39.8%.
UGI Corporation (UGI) opened at 48.90 on Wednesday. UGI Corporation has a one year low of $41.79 and a one year high of $52.00. The company has a 50 day moving average of $49.21 and a 200-day moving average of $49.32. The company has a market cap of $8.48 billion, a P/E ratio of 22.25 and a beta of 0.69.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that UGI Corporation will post $2.28 earnings per share for the current fiscal year.
In related news, Director Anne Pol sold 6,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total transaction of $341,617.50. Following the completion of the sale, the director now owns 12,062 shares of the company’s stock, valued at approximately $610,457.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of UGI Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub raised shares of UGI Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Barclays PLC reaffirmed a “sell” rating and set a $45.00 price objective on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 price objective on shares of UGI Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.00.
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UGI Corporation Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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