UGI said on April 13, 2023 that its board of directors declared a regular
quarterly dividend of $1.81 per share ($7.25 annualized).
Previously, the company paid $1.81 per share.
Shares must be purchased before the ex-div date of May 30, 2023 to qualify for the dividend.
Shareholders of record as of May 31, 2023
will receive the payment on June 1, 2023.
At the current share price of $81.29 / share,
the stock’s dividend yield is 8.92%.
Looking back five years and taking a sample every week, the average dividend yield has been
7.72%,
the lowest has been 6.64%,
and the highest has been 9.23%.
The standard deviation of yields is 0.72 (n=82).
The current dividend yield is
1.68 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 7.03.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 54 funds or institutions reporting positions in UGI.
This is a decrease
of
3
owner(s) or 5.26% in the last quarter.
Average portfolio weight of all funds dedicated to UGIC is 0.26%,
a decrease
of 11.63%.
Total shares owned by institutions decreased
in the last three months by 4.76% to 2,146K shares.
Analyst Price Forecast Suggests 29.42% Upside
As of April 6, 2023,
the average one-year price target for UGI is $105.21.
The forecasts range from a low of $77.69 to a high of $146.85.
The average price target represents an increase of 29.42% from its latest reported closing price of $81.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for UGI
is $9,136MM, a decrease of 10.36%.
The projected annual non-GAAP EPS
is $3.01.
What are Other Shareholders Doing?
Tri-continental
holds 75K shares
representing 0.04% ownership of the company.
No change in the last quarter.
Jane Street Group
holds 13K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 11K shares, representing
an increase
of 13.97%.
The firm
increased
its portfolio allocation in UGIC by 15.75% over the last quarter.
Cambridge Investment Research Advisors
holds 3K shares
representing 0.00% ownership of the company.
Delaware Enhanced Global Dividend & Income Fund
holds 4K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Cwm
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
