UGI Corporation (UGI) To Go Ex-Dividend on June 15th

UGI Corporation (NYSE:UGI) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 15th will be paid a dividend of 0.375 per share by the utilities provider on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th.

UGI has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 37 years. UGI has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect UGI to earn $3.30 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 45.5%.

UGI Price Performance

Shares of UGI opened at $34.98 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a 50 day simple moving average of $35.58 and a 200 day simple moving average of $37.03. UGI has a 52-week low of $31.62 and a 52-week high of $41.34. The firm has a market capitalization of $7.50 billion, a PE ratio of 12.27 and a beta of 0.93.

UGI (NYSE:UGI) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.02). UGI had a net margin of 8.71% and a return on equity of 13.81%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm posted $2.21 earnings per share. UGI’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that UGI will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UGI shares. Wells Fargo & Company started coverage on UGI in a research report on Monday, May 11th. They issued an “overweight” rating and a $46.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of UGI in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, UGI has an average rating of “Moderate Buy” and an average target price of $43.33.

UGI Company Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.