Ultrapar Participacoes S.A. Declares Dividend of $0.19 (NYSE:UGP)

Ultrapar Participacoes S.A. (NYSE:UGP) declared a dividend on Thursday, August 13th. Investors of record on Wednesday, August 26th will be given a dividend of 0.1932 per share by the oil and gas company on Monday, September 14th. This represents a yield of 634.0%. The ex-dividend date is Wednesday, August 26th.

Ultrapar Participacoes has raised its dividend by an average of 0.4%annually over the last three years. Ultrapar Participacoes has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ultrapar Participacoes to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 35.1%.

Ultrapar Participacoes Stock Down 0.2%

Shares of NYSE:UGP traded down $0.01 on Friday, hitting $6.14. 2,135,461 shares of the company traded hands, compared to its average volume of 3,007,692. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. Ultrapar Participacoes has a 52 week low of $3.11 and a 52 week high of $6.59. The company has a market cap of $6.85 billion, a PE ratio of 12.23, a PEG ratio of 0.35 and a beta of 0.70. The stock has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $5.48.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.