UGI Corp Plans Quarterly Dividend of $0.22 (UGI)
UGI Corp (NYSE:UGI) announced a quarterly dividend on Thursday, July 31st, Analyst Ratings News reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.2175 per share on Wednesday, October 1st. This represents a $0.87 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, September 11th. This is a boost from UGI Corp’s previous quarterly dividend of $0.20.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of UGI Corp from $49.00 to $50.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Analysts at Ned Davis Research upgraded shares of UGI Corp from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $49.00.
Shares of UGI Corp (NYSE:UGI) traded down 1.56% during mid-day trading on Thursday, hitting $48.54. 729,732 shares of the company’s stock traded hands. UGI Corp has a 52 week low of $37.88 and a 52 week high of $51.14. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $46.3. The company has a market cap of $5.586 billion and a P/E ratio of 16.77.
UGI Corp (NYSE:UGI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. Analysts expect that UGI Corp will post $2.94 EPS for the current fiscal year.
UGI Corporation (NYSE:UGI) is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services.
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