Analyzing UGI's Ex-Dividend Date

On February 3, 2021, UGI UGI declared a dividend payable on April 1, 2021 to its shareholders. UGI also announced that shareholders on the company's books on or before March 15, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for UGI is set for March 12, 2021. The company's current dividend payout sits at $0.33, equating to a dividend yield of 3.67% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding UGI's Dividend Performance

Over the past year, UGI has seen its dividend payouts and yields climb upward overall. Last year (March 13, 2020), the company's payout sat at $0.33, which has since increased by $0.01. UGI's dividend yield last year was 2.95%, which has since grown by 0.72%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on UGI's previous dividends.