Dividend Capture Strategy: 5 High-Yield Stocks to Buy in February

2. UGI Corporation (NYSE:UGI)

Ex-Dividend Date: March 14
Dividend Yield as of February 6: 3.55%

UGI Corporation (NYSE:UGI) is an American natural gas and electric power distribution company. The company has been raising its dividends consistently for the past 35 years and maintains a dividend-paying streak of 138 years. It currently offers a quarterly dividend of $0.36 per share with a dividend yield of 3.55%, as of February 6. The stock will go ex-dividend on March 14.

In fiscal Q1 2023, UGI Corporation (NYSE:UGI) reported revenue of $2.76 billion, which saw a 3.4% growth from the same period last year. The company had available liquidity of approximately $1.2 billion.

At the end of Q3 2022, 26 hedge funds tracked by Insider Monkey reported owning stakes in UGI Corporation (NYSE:UGI), up from 24 in the previous quarter. These stakes are worth over $152 million collectively.

Diamond Hill Capital mentioned UGI Corporation (NYSE:UGI) in its Q3 2022 investor letter. Here is what the firm has to say:

“UGI Corporation (NYSE:UGI), a natural gas and electric power utility, generates approximately one-third of its revenue through its European propane distribution business. The European energy market dislocation and subsequent inflation have raised fears of significant volume and price contraction, pressuring UGI’s share price. Longer term, we believe UGI’s investments into renewable/alternative energy sources position it well. In the nearer term, it should continue to have an advantage delivering fuel to rural locations that are not easily served by gas pipelines — whether that fuel is propane, liquified petroleum gas (LPG), renewable natural gas (RNG) or other alternative fuels.”