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July 29, 2014
19:03 EDTUGIUGI Corporation announces three for two stock split, increases annual dividend
UGI Corporationís board has approved a plan to issue three common shares for every two common shares outstanding. The new shares are distributable September 5 to shareholders of record as of August 22. In addition, UGIís board has approved an increase of over 10% in the annual dividend rate on its common stock from $1.18 to approximately $1.30 on a pre-split basis, or from approximately 79c to 87c per share, respectively, after the split. The new quarterly dividend of approximately 32.63c per share on a pre-split basis, or 21.75c per share after the split, is payable October 1 to shareholders of record on September 15.
News For UGI From The Last 14 Days
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May 18, 2015
07:14 EDTUGIAmerican Gas Association to hold a forum
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May 15, 2015
16:17 EDTUGIUGI Corporation receives regulatory approval for acquisition of Totalís LPG unit
UGI Corporation announced that its wholly owned subsidiary, UGI France, has obtained approval from the French Competition Authority to complete its previously announced acquisition of Totalís liquefied petroleum gas distribution business in France. This is the final regulatory approval required for the acquisition to close. The purchase price is approximately EUR400M-EUR450M. Based on retail gallons distributed, Totalgaz is comparable in size to UGIís existing Antargaz business in France, with both businesses selling to residential, commercial, industrial, and autogas customers. Antargaz has a slightly higher proportion of cylinder and small bulk sales, while Totalgaz has a slightly higher proportion of sales to large bulk customers. As previously announced, UGI Corporation will be presenting at the American Gas Association Financial Forum on May 18, 2015, and will provide an update on the transaction at that time.
May 14, 2015
16:22 EDTUGIUGI Energy Services to build LNG plant in northern Pennsylvania
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