Ultrapar Participações S.A. (NYSE:UGP) to Issue $0.08 Semi-annual Dividend

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 paid 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 of this dividend is Monday, March 10th.

Ultrapar Participações has raised its dividend payment by an average of 2.5% annually 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 research 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 Trading Up 2.0 %

Shares of UGP opened at $2.87 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 6.23, a P/E/G ratio of 2.39 and a beta of 1.42. Ultrapar Participações has a one year low of $2.53 and a one year high of $5.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a 50-day moving average price of $2.79 and a 200 day moving average price of $3.31.

Analyst Ratings Changes

Several analysts have issued reports on the company. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price objective for the company from $4.10 to $3.20 in a research note on Friday, January 31st. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.