Ultrapar Participacoes S.A. (NYSE:UGP) Declares $0.06 Semi-annual Dividend

Key Points

• Ultrapar Participacoes S.A. declared a semi-annual dividend of $0.06 per share, set to be paid on September 8th, with an ex-dividend date of August 25th.
• The company has a dividend payout ratio of 45.7% and is expected to earn $0.31 per share next year, indicating it can continue covering its annual dividend of $0.16.
• As of the latest trading session, shares of Ultrapar up 0.2%, with a market cap of $3.69 billion and a PE ratio of 7.34.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) declared a semi-annual dividend on Monday, August 18th, Wall Street Journal reports. Shareholders of record on Monday, August 25th will be given a dividend of 0.0555 per share by the oil and gas company on Monday, September 8th. This represents a yield of 360.0%. The ex-dividend date of this dividend is Monday, August 25th.

Ultrapar Participacoes has a payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ultrapar Participacoes to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 51.6%.

Ultrapar Participacoes Stock Performance

Shares of Ultrapar Participacoes stock traded up $0.0850 during trading on Friday, reaching $3.3650. The company's stock had a trading volume of 1,266,455 shares, compared to its average volume of 1,724,336. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.82. The business's fifty day moving average price is $3.14 and its 200-day moving average price is $3.03. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 3.24 and a beta of 1.05. Ultrapar Participacoes has a one year low of $2.53 and a one year high of $4.38.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UGP. Scotiabank upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $3.20.

About Ultrapar Participacoes

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.