UGI Corp. Ranks Among Top Dividend-Paying Utilities

UGI Corp. (Symbol: UGI) has earned recognition as one of the Top 10 dividend-paying utility stocks, according to Dividend Channel’s latest ”DividendRank” report. The report highlights that UGI not only offers strong profitability but also has appealing valuation metrics.

Strong Figures Set UGI Apart

Currently, UGI shares are priced at $23.35, boasting a price-to-book ratio of 1.1. The annual dividend yield stands at an impressive 6.42%. In comparison, the average utility stock within Dividend Channel’s scope yields only 4.0% and has a price-to-book ratio of 2.8. Additionally, UGI is praised for its reliable quarterly dividend payments and promising long-term growth trends in essential financial metrics.

The report explained, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest, most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”

UGI’s Dividend History Matters

UGI Corp. pays an annualized dividend of $1.50 per share, distributed in quarterly payments. The most recent dividend ex-date was September 16, 2024. The importance of UGI’s long-term dividend history cannot be overstated. Understanding a company’s dividend past can be crucial in assessing the likelihood of sustaining recent payouts.

The Top 10 DividendRank’ed Utility Stocks »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.