Ultrapar Participacoes S.A. (UGP) To Go Ex-Dividend on December 12th

Ultrapar Participacoes S.A. (NYSE:UGP) announced a special dividend on Wednesday, December 3rd. Shareholders of record on Friday, December 12th will be paid a dividend of 0.1876 per share by the oil and gas company on Friday, December 26th. The ex-dividend date is Friday, December 12th.

Ultrapar Participacoes has decreased its dividend payment by an average of 0.0%per year over the last three years. Ultrapar Participacoes has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ultrapar Participacoes to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 29.0%.

Ultrapar Participacoes Price Performance

UGP stock opened at $4.37 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.87 billion, a P/E ratio of 9.29, a PEG ratio of 2.02 and a beta of 0.89. The business has a 50 day simple moving average of $4.02 and a 200-day simple moving average of $3.53. Ultrapar Participacoes has a twelve month low of $2.53 and a twelve month high of $4.39.

Analyst Upgrades and Downgrades

UGP has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ultrapar Participacoes in a report on Tuesday, November 25th. The Goldman Sachs Group boosted their price target on Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $4.50.

Ultrapar Participacoes 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.