Ultrapar Participacoes SA Plans Dividend of $0.31 (UGP)
Ultrapar Participacoes SA (NYSE:UGP) announced a dividend on Wednesday, August 6th, AmericanBankingNews.com reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.312 per share on Friday, August 22nd. The ex-dividend date is Thursday, August 14th.
On the ratings front, analysts at Santander reiterated a “buy” rating on shares of Ultrapar Participacoes SA in a research note on Monday, May 19th. They now have a $28.40 price target on the stock, down previously from $30.00.
Shares of Ultrapar Participacoes SA (NYSE:UGP) opened at 22.90 on Friday. Ultrapar Participacoes SA has a one year low of $20.84 and a one year high of $27.94. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $23.53. The company has a market cap of $12.564 billion and a price-to-earnings ratio of 22.40.
Ultrapar Participacoes SA operates in three sectors: fuel distribution through Ultragaz and Ipiranga, chemicals through Oxiteno, and storage for liquid bulk through Ultracargo.
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