Ultrapar Participacoes SA (NYSE:UGP) announced a semiannual dividend on Monday, February 26th, Wall Street Journal reports. Investors of record on Monday, March 5th will be paid a dividend of 0.2775 per share by the oil and gas company on Thursday, March 22nd. This represents a yield of 2.32%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Ultrapar Participacoes’s previous semiannual dividend of $0.27.
Ultrapar Participacoes has decreased its dividend by an average of 3.8% per year over the last three years and has raised its dividend every year for the last 2 years. Ultrapar Participacoes has a payout ratio of 58.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ultrapar Participacoes to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 43.5%.
Shares of Ultrapar Participacoes (NYSE:UGP) opened at $23.26 on Thursday. The company has a market cap of $13,058.83, a price-to-earnings ratio of 26.08 and a beta of 1.10. The company has a quick ratio of 1.67, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Ultrapar Participacoes has a 1-year low of $20.09 and a 1-year high of $26.48.
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Ultrapar Participacoes Company Profile
Ultrapar Participacoes SA is a Brazil-based company primarily engaged in the automotive fuel retail. The Company operates in five segments: Gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers in the South, Southeast and Northeast regions of Brazil; Fuel distribution (Ipiranga), which operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles and lubricants, as well as provides related activities across the Brazilian territory; Chemicals (Oxiteno), which produces ethylene oxide, as well as its primary derivatives and fatty alcohols; Storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and Drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its drugstore chain in the states of Para and Piaui, among others.
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