12 Best Mid-Cap Dividend Aristocrats to Invest in Now

5. UGI Corporation (NYSE:UGI)

Number of Hedge Fund Holders: 27

UGI Corporation (NYSE:UGI) is an American diversified energy company with operations spanning natural gas utilities, midstream and marketing, international LPG, and AmeriGas has seen its stock lag due to weakness in its propane business. The stock is outperforming the broader market this year by a wide margin, surging by over 18% since the start of 2025. In the past 12 months, it has delivered a 37.6% return to shareholders.

Since its acquisition, AmeriGas has seen a significant drop in performance, with EBITDA falling from $584 million in 2019 to $320 million in 2024, and profit margins narrowing from 21.8% to 14.1%. Retail gallon sales have declined by 30%, a trend attributed to operational setbacks, subpar customer service, and unusually warm weather. These ongoing issues have led UGI Corporation (NYSE:UGI) to record $850 million in goodwill impairments over the past two years, effectively eliminating nearly half of the original goodwill tied to the acquisition. Despite these setbacks, the stock has recovered, delivering a return of over 15% since the beginning of 2025.

In the first quarter of fiscal 2025, UGI Corporation (NYSE:UGI) reported revenue of $2.03 billion, representing a 4.29% decline from the same quarter the previous year and falling short of analyst expectations by $617 million. Nonetheless, the company maintained a solid financial position, ending December 2024 with $1.5 billion in available liquidity. It is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders for the past 140 years. Currently, it offers a quarterly dividend of $0.375 per share for a dividend yield of 4.47%, as of May 5.