AmeriGas Propane Announces Quarterly Distribution
April 23 2018 - 4:37PM
Business Wire
The Board of Directors of AmeriGas Propane, Inc., general
partner of AmeriGas Partners, L.P. (NYSE: APU), has declared a
quarterly partnership distribution of $0.95 per limited partnership
unit, payable May 18, 2018 to unitholders of record May 10,
2018.
The annualized distribution will remain $3.80 per limited
partnership unit. Jerry Sheridan, president and chief executive
officer of AmeriGas, commented, “Our financial outlook is improving
this year after two record warm years in 2016 and 2017. Rather than
increase our distribution, we are choosing to maintain the
distribution at its current level as a means of further supporting
more solid distribution coverage as we improve our balance sheet
for the long-term.”
About AmeriGas
AmeriGas is the nation’s largest retail propane marketer,
serving over 1.8 million customers in all 50 states from
approximately 1,900 distribution locations. UGI Corporation,
through subsidiaries, is the sole General Partner and owns 26% of
the Partnership and the public own the remaining 74%.
Comprehensive information about AmeriGas is available on the
Internet at http://www.amerigas.com.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100%) of distributions by AmeriGas Partners,
L.P. to non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, distributions by AmeriGas Partners, L.P. to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180423006479/en/
AmeriGas Partners, L.P.Will Ruthrauff, 610-337-1000 ext.
6571Brendan Heck, 610-337-1000 ext. 6608Shelly Oates, 610-337-1000
ext. 3202
AmeriGas Partners (NYSE:APU)
Historical Stock Chart
From Aug 2024 to Sep 2024
AmeriGas Partners (NYSE:APU)
Historical Stock Chart
From Sep 2023 to Sep 2024