Ultrapar Participações S.A. (NYSE:UGP) Plans $0.08 Dividend

Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) declared a 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. 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 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 Down 0.5 %

NYSE:UGP traded down $0.02 during trading hours on Monday, reaching $2.85. The company had a trading volume of 471,892 shares, compared to its average volume of 1,266,084. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $5.99. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 6.18, a P/E/G ratio of 2.39 and a beta of 1.52. The business's 50-day simple moving average is $2.77 and its two-hundred day simple moving average is $3.34.

Analyst Ratings Changes

A number of research firms recently weighed in on UGP. Scotiabank raised Ultrapar Participações to a "hold" rating in a research note on Friday, December 27th. Hsbc Global Res upgraded Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a report on Friday, January 17th. The Goldman Sachs Group upgraded Ultrapar Participações from a "neutral" rating to a "buy" rating and cut their target price for the stock from $4.10 to $3.20 in a report on Friday, January 31st. HSBC upgraded shares of Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ultrapar Participações has a consensus 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.