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UGI BOARD DECLARES HIGHER COMMON DIVIDEND; UTILITIES UNIT DECLARES PREFERRED PAYOUTS

 UGI BOARD DECLARES HIGHER COMMON DIVIDEND;
 UTILITIES UNIT DECLARES PREFERRED PAYOUTS
 VALLEY FORGE, Pa., April 28 /PRNewswire/ -- Directors of UGI Corp. (NYSE: UGI) today declared a quarterly dividend of $.325 a share on the newly organized holding company's common stock, payable July 1, 1992, to holders of record May 29.
 The $.325 rate is an increase of 4.8 percent on the previous quarterly dividend of 31 cents a share paid by the company's predecessor.
 James A. Sutton, chairman and chief executive officer, said the higher dividend, UGI's fifth increase since 1988, "reflects the board's continuing confidence in the capacity of the company's utility and propane operations to support dividend growth."
 Separately, the board of UGI's subsidiary, UGI Utilities, Inc., declared dividends of $.45, $2 and $2.125, respectively, on its $1.80 series, $8 series and $8.50 series preferred stock. The preferred dividends also are payable July 1, 1992, to holders of record May 29.
 UGI's principal operating subsidiaries are UGI Utilities, a Pennsylvania gas and electric utility, and AmeriGas Propane, Inc., the nation's third largest propane marketer.
 /delval/
 -0- 4/28/92
 /CONTACT: Vince Testa of UGI, 215-337-1000/
 (UGI) CO: UGI Corporation ST: Pennsylvania IN: UTI SU: DIV


CC-JS -- PH023 -- 3848 04/28/92 13:14 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:210
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