NEW YORK ( TheStreet) -- The ex-dividend date for Ultrapar Holdings Inc (NYSE: UGP) is tomorrow, August 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $17.47 as of 9:33 a.m. ET, the dividend yield is 3.3%.

The average volume for Ultrapar has been 266,700 shares per day over the past 30 days. Ultrapar has a market cap of $9.4 billion and is part of the basic materials sector and energy industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

Ultrapar Holdings Inc., through its subsidiaries, engages in the distribution of liquefied petroleum gas, and light fuel and lubricants. The company has a P/E ratio of 40.9, above the average energy industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ultrapar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ultrapar Ratings Report.

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