5 Safe Dividend Stocks to Buy Today

3. UGI Corporation (NYSE:UGI)

Number of Hedge Fund Holders: 31

Dividend Yield as of March 4: 3.79%

Number of Years of Dividend Increases: 34

UGI Corporation (NYSE:UGI) is a Pennsylvania-based company that transports and markets energy products and related services in the United States and internationally. UGI Corporation (NYSE:UGI)’s history of consistently increasing dividends dates back 34 years. 

UGI Corporation (NYSE:UGI) declared a $0.345 per share quarterly dividend on February 2, in line with previous. The dividend is payable on April 1, to shareholders of record on March 15. The stock delivers a dividend yield of 3.79% as of March 4. 

On January 4, UGI Corporation (NYSE:UGI) announced that its subsidiary, UGI Energy Services, has entered into a definitive agreement to acquire Stonehenge Appalachia from Stonehenge Energy Holdings for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.

Among the hedge funds tracked by Insider Monkey, 31 funds were bullish on UGI Corporation (NYSE:UGI) at the end of December 2021, up from 20 funds in the prior quarter. First Eagle Investment Management is a major shareholder of the company, with 8.6 million shares worth $396.2 million.