AmeriGas Propane Raises Quarterly Distribution 5%
VALLEY FORGE, Pa.--(BUSINESS WIRE)-- Directors of AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), have declared a quarterly partnership distribution of $0.80 per limited partnership unit, payable May 18, 2012 to unitholders of record May 10, 2012.
The annualized distribution will increase to $3.20 per limited partnership unit from the current $3.05 per limited partnership unit, representing a 5% increase.
AmeriGas (APU) is the nations largest retail propane marketer, serving over two million customers in all 50 states from over 1,200 locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership. An affiliate of Energy Transfer Partners, L.P. owns 32% of the Partnership and the public owns the remaining 42%.
Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com.
Nominees are hereby notified that they are responsible for withholding 35% of this distribution from foreign investors as required under Section 1446 of the Internal Revenue Code.
AmeriGas Partners, L.P.
Hugh J. Gallagher, 610-337-7000 ext. 1029
Simon Bowman, 610-337-7000 ext. 3645
Shelly Oates, 610-337-7000 ext. 3202
Source: AmeriGas Partners, L.P.Copyright Business Wire 2012