No. of Recommendations: 2
Hi, desertdaveataol,

Amerigas is a Limited Partnership company, not an ordinary stock. While there is nothing fundamentally wrong with partnerships, they are a different beast than common stocks. See this post for a discussion of some of the differences: http://boards.fool.com/Message.asp?mid=20637153 .

Remember, too, that a focus of dividend growth investing is not just dividend payments, but dividend growth over time. According to this page: http://www.shareholder.com/ugi/distribution_apu.cfm , APU has paid distributions as follows: "AmeriGas Partners L.P. currently distribute to investor 55 cents per common unit quarterly, or $2.20 per common unit annually... We have paid this quarterly distribution in each quarter since our Initial Public Offering on April 19, 1995.

While an 8+% yield is fairly high, I don't see the growth component of that distribution. And an 8% straight yield, no yield growth is not enough to excite me on investing in a company. My usual threshhold is a minimum 12% combination of current yield and expected dividend growth rate. Are you a current investor in AmeriGas? Are you considering purchasing it? If so, why? Maybe you could convince me to take a closer look.

-Chuck
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