Ultrapar Participações S.A. (UGP) to Issue Semi-annual Dividend of $0.08 on March 24th

Ultrapar Participações S.A. (NYSE:UGP) declared a semi-annual dividend on Thursday, February 27th, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be given a dividend of 0.0774 per share by the oil and gas company on Monday, March 24th. This represents a yield of 3.8%. The ex-dividend date is Monday, March 10th.

Ultrapar Participações has raised its dividend by an average of 2.5% per year over the last three years. Ultrapar Participações has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ultrapar Participações to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 48.4%.

Ultrapar Participações Stock Performance

Ultrapar Participações stock opened at $2.87 on Friday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 6.23, a PEG ratio of 2.39 and a beta of 1.42. The stock has a fifty day moving average price of $2.79 and a 200 day moving average price of $3.31. Ultrapar Participações has a 52 week low of $2.53 and a 52 week high of $5.86. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

UGP has been the subject of a number of research reports. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and lowered their price target for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Finally, Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $3.20.

Ultrapar Participações 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.