Ultrapar Participacoes SA (NYSE:UGP) declared a Semi-Annual dividend on Thursday, August 15th, NASDAQ reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.044 per share by the oil and gas company on Tuesday, September 10th. The ex-dividend date is Friday, August 23rd.
Ultrapar Participacoes has decreased its dividend by an average of 3.4% annually over the last three years. Ultrapar Participacoes has a dividend payout ratio of 46.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Ultrapar Participacoes to earn $0.30 per share next year, which means the company may not be able to cover its $0.34 annual dividend with an expected future payout ratio of 113.3%.
UGP stock traded up $0.08 on Wednesday, hitting $4.01. 35,131 shares of the company’s stock traded hands, compared to its average volume of 1,194,360. Ultrapar Participacoes has a 1-year low of $3.80 and a 1-year high of $7.90. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.22 and a beta of 0.26. The stock has a fifty day moving average of $5.05 and a 200-day moving average of $8.55. The company has a current ratio of 3.01, a quick ratio of 2.37 and a debt-to-equity ratio of 1.45.
Several brokerages recently commented on UGP. ValuEngine downgraded shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Credit Suisse Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Tuesday. Bradesco Corretora upgraded shares of Ultrapar Participacoes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley downgraded shares of Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.00.
Ultrapar Participacoes Company Profile
Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.
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