5 Dividend Zombies and Kings With Longest Dividend Payouts

In this article, we will discuss 5 dividend zombies and dividend kings with the longest dividend payouts. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 15 Dividend Zombies and Kings With Longest Dividend Payouts. 

5. UGI Corporation (NYSE:UGI)

Consecutive Years of Dividend Payments: 138
Consecutive Years of Dividend Growth: 35

UGI Corporation (NYSE:UGI) is an American natural gas and electric power distribution company. In fiscal Q1 2023, the company generated $2.76 billion in revenues, up 3.4% from the same period last year. The company has approximately $1.2 billion available in liquidity.

UGI Corporation (NYSE:UGI) is among the companies that hold the longest dividend payout streaks. The company has been raising its dividends for the past 35 years and has paid regular dividends for 138 years straight. Its current quarterly dividend stands at $0.36 per share for a dividend yield of 3.88%, as of March 7.

At the end of December 2022, 20 hedge funds tracked by Insider Monkey reported owning stakes in UGI Corporation (NYSE:UGI), worth roughly $120 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.”