10 Best Dividend Stocks of All Time

8. UGI Corporation (NYSE:UGI)

Number of Hedge Fund Holders: 29

Dividend Yield as of July 23: 6.19%

UGI Corporation (NYSE:UGI) is an American natural gas distribution company that mainly specializes in delivering safe, reliable, and affordable energy to its consumers. The propane market in Europe has been volatile, leading to an oversupply of propane and decreased demand from the heating industry. The company, which runs an LPG distribution business across 16 European countries through its six popular brands, has faced challenges in the European propane market. As a result, prices have fallen nearly 20% and are lower than they were two years ago, which is expected to benefit the company in FY24. Its LPG business, AmeriGas Propane, reported a net income of $37 million in fiscal Q2 2024, down from $73 million in the prior-year period.

However, UGI Corporation (NYSE:UGI) is not halting its efforts and is utilizing all available resources to address the situation. The board has decided that the company should focus on restructuring and improving operations for AmeriGas. This plan includes prioritizing customer retention, boosting free cash flow, managing costs effectively, and practicing disciplined capital allocation. From fiscal 2024 through 2027, the company plans to pay $1.3 billion in shareholder return.

UGI Corporation (NYSE:UGI) has been rewarding its shareholders with growing dividends for the past 37 years. In addition, it has paid uninterrupted dividends to shareholders for the past 140 years, which makes it one of the best dividend stocks of all time. The company’s quarterly dividend currently comes in at $0.375 per share for an impressive dividend yield of 6.19%, as reported on July 23.

Insider Monkey’s database of Q1 2024 indicated that 29 hedge funds held stakes in UGI Corporation (NYSE:UGI), compared with 33 in the previous quarter. These stakes have an overall value of nearly $180 million. With over 4.6 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q1.