Ultrapar Participacoes SA (UGP) Announces Semiannual Dividend of $0.31
Ultrapar Participacoes SA (NYSE:UGP) declared a semiannual dividend on Friday, August 8th, AnalystRatings.NET reports. Investors of record on Monday, August 18th will be given a dividend of 0.3122 per share on Tuesday, September 2nd. This represents a yield of 2.71%. The ex-dividend date of this dividend is Thursday, August 14th.
On a related note, 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) traded up 0.61% during mid-day trading on Friday, hitting $23.04. 431,087 shares of the company’s stock traded hands. Ultrapar Participacoes SA has a 1-year low of $20.84 and a 1-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 $12.762 billion and a price-to-earnings ratio of 22.74.
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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