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

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. Stockholders of record on Monday, August 25th will be paid a dividend of 0.0555 per share by the oil and gas company on Monday, September 8th. This represents a dividend yield of 360.0%. The ex-dividend date of this dividend is Monday, August 25th.

Ultrapar Participacoes has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 0.2%

Shares of NYSE:UGP traded up $0.01 on Monday, hitting $3.31. 1,727,405 shares of the company traded hands, compared to its average volume of 1,874,210. Ultrapar Participacoes has a 52 week low of $2.53 and a 52 week high of $4.51. The stock has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.02. The company has a market cap of $3.69 billion, a PE ratio of 7.34, a PEG ratio of 3.26 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.76.

Ultrapar Participacoes Company Profile

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.

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