Ultrapar Participacoes S.A. (UGP) to Issue Dividend of $0.19 on September 14th

Ultrapar Participacoes S.A. (NYSE:UGP) announced a dividend on Thursday, August 13th. Shareholders 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 of this dividend is Wednesday, August 26th.

Ultrapar Participacoes has increased its dividend payment by an average of 0.4%annually over the last three years. Ultrapar Participacoes has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 $0.30 annual dividend with an expected future payout ratio of 52.6%.

Ultrapar Participacoes Price Performance

Shares of Ultrapar Participacoes stock opened at $6.73 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The firm’s 50-day simple moving average is $5.81 and its 200-day simple moving average is $5.55. The firm has a market cap of $7.51 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.41 and a beta of 0.70. Ultrapar Participacoes has a twelve month low of $3.29 and a twelve month high of $6.80.

Ultrapar Participacoes (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%.The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. As a group, research analysts expect that Ultrapar Participacoes will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UGP shares. UBS Group boosted their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their target price for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ultrapar Participacoes currently has an average rating of “Moderate Buy” and an average target price of $6.32.

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.