9 Best High-Yield Dividend Growth Stocks to Buy Now

3. UGI Corp. (NYSE:UGI)

Number of Hedge Fund Investors: 29

UGI Corp. (NYSE:UGI) is another high-yield utilities dividend stock in our list of the best high-yield dividend growth stocks. The stock’s dividend is over 6.2% as of May 29. Mizuho recently upgraded the stock saying UGI Corp. (NYSE:UGI) might be able to retain its EPS guidance for 2024.

Miller Value Income Strategy stated the following regarding UGI Corporation (NYSE:UGI) in its first quarter 2024 investor letter:

“The portfolio also recently bought its first utility. UGI Corporation (NYSE:UGI) distributes natural gas and electricity as well as liquid propane gas through its AmeriGas subsidiary, which is the largest retail propane distributor in the US. A true “dividend aristocrat,” UGI has paid shareholders a dividend for 139 consecutive years and looks poised to boost its dividend for the 37th consecutive year. At today’s price, the stock trades at its lowest price/earnings multiple in history, despite sporting a 6% yield with a plan to grow earnings power at a high single-digit rate.”