Ultrapar Participações S.A. (NYSE:UGP) to Issue $0.04 Semi-annual Dividend

Ultrapar Participações S.A. (NYSE:UGP) declared a semi-annual dividend on Friday, August 9th, Wall Street Journal reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.0446 per share by the oil and gas company on Tuesday, September 3rd. This represents a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 19th.

Ultrapar Participações has raised its dividend payment by an average of 10.9% annually over the last three years. Ultrapar Participações has a dividend payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ultrapar Participações to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 48.5%.

Ultrapar Participações Stock Up 1.1 %

Ultrapar Participações stock opened at $4.40 on Friday. The stock has a market cap of $4.91 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.51 and a beta of 1.64. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Ultrapar Participações has a twelve month low of $3.39 and a twelve month high of $6.34. The company’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $4.95.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. As a group, analysts expect that Ultrapar Participações will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UGP. The Goldman Sachs Group lowered their target price on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. Finally, StockNews.com cut shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Ultrapar Participações presently has a consensus rating of “Hold” and a consensus target price of $4.25.

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.