Ultrapar Participacoes S.A. Plans Special Dividend of $0.19 (NYSE:UGP)

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

Ultrapar Participacoes has decreased its dividend payment by an average of 0.0%annually over the last three years. Ultrapar Participacoes has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 2.2%

NYSE:UGP traded up $0.10 during midday trading on Thursday, reaching $4.33. 1,161,666 shares of the stock traded hands, compared to its average volume of 1,951,620. The company has a fifty day moving average of $4.01 and a 200 day moving average of $3.52. Ultrapar Participacoes has a 12 month low of $2.53 and a 12 month high of $4.39. The stock has a market capitalization of $4.82 billion, a P/E ratio of 9.20, a PEG ratio of 1.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.40 and a current ratio of 1.83.

About Ultrapar Participacoes

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.