Ultrapar Participacoes S.A. (NYSE:UGP) Plans Quarterly Dividend of $0.18

Ultrapar Participacoes S.A. (NYSE:UGP) declared a quarterly dividend on Thursday, November 12th. Investors of record on Wednesday, November 25th will be given a dividend of $0.1796 per share by the oil and gas company on Monday, December 14th. This represents a $0.72 annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Wednesday, November 25th.

Ultrapar Participacoes has increased its dividend payment by an average of 0.4% annually over the last three years. Ultrapar Participacoes has a dividend payout ratio of 88.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Ultrapar Participacoes to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 52.5%.

Ultrapar Participacoes Stock Performance

UGP stock traded up $0.10 during mid-day trading on Friday, hitting $5.74. The company had a trading volume of 2,188,582 shares, compared to its average volume of 3,340,508. The firm has a market cap of $6.40 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. Ultrapar Participacoes has a 12 month low of $3.60 and a 12 month high of $8.28. The stock’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $5.96.

Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. On average, analysts forecast that Ultrapar Participacoes will post 0.79 earnings per share for the current fiscal year.

About Ultrapar Participacoes

Ultrapar Participações S.A. is a Brazilian holding company with businesses focused on fuel distribution, liquefied petroleum gas (LPG) and bulk liquid storage. Its operations serve customers across Brazil, including consumers, businesses and industrial clients. The company’s main businesses include Ipiranga, which distributes and markets fuels and related products, and Ultragaz, a supplier of LPG for residential, commercial and industrial use. Through Ultracargo, Ultrapar also provides storage and handling services for bulk liquids, including fuels and chemicals.