5 Best Dividend Stocks of All Time

2. UGI Corporation (NYSE:UGI)

Dividend Yield as of November 25: 3.63%

UGI Corporation (NYSE:UGI) is an American natural gas distribution company. In FY22, the company reported revenue of $10.1 billion, which showed a 35.7% growth from the same period last year. Its balance sheet remained strong with approximately $1.7 billion in available liquidity.

UGI Corporation (NYSE:UGI) currently pays a quarterly dividend of $0.36 per share and has a dividend yield of 3.63%, as of November 25. The company has paid regular dividends to shareholders for 138 years. Moreover, it also maintains a 35-year streak of consistent dividend growth, coming through as one of the best dividend stocks on our list.

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.”