VALLEY FORGE, Pa.--(BUSINESS WIRE)--
Directors of UGI Corporation (NYSE: UGI) have declared a quarterly
dividend of $0.2825 a share on the company’s common stock. The dividend
is payable April 1, 2014 to shareholders of record as of March 14, 2014.
Additionally, Directors of UGI have authorized a share repurchase
program of up to 10 million shares of the Company’s common stock. “We
remain focused on delivering value to our shareholders and believe that
a share repurchase program is an appropriate and strategic use of the
company’s cash,” said John Walsh, president and chief executive officer
of UGI. The authorization allows for the execution of the share
repurchase program over a four year time horizon.
UGI has paid common dividends for 129 consecutive years and raised its
dividend in each of the last 26 years.
UGI is a distributor and marketer of energy products and services.
Through subsidiaries, UGI operates natural gas and electric utilities in
Pennsylvania, distributes propane both domestically and internationally,
manages midstream energy and electric generation assets in Pennsylvania,
and engages in energy marketing in the Mid-Atlantic region. UGI, through
subsidiaries, is the sole General Partner and owns 26% of AmeriGas
Partners, L.P. (NYSE:APU), the nation's largest retail propane
Comprehensive information about UGI Corporation is available on the
Internet at http://www.ugicorp.com.
Source: UGI Corporation