Ultrapar Stock To Go Ex-dividend Tomorrow (UGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Ultrapar Holdings (NYSE: UGP) is tomorrow, February 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $21.70 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Ultrapar has been 371,000 shares per day over the past 30 days. Ultrapar has a market cap of $10.72 billion and is part of the basic materials sector and energy industry. Shares are up 26.3% year to date as of the close of trading on Tuesday.

Ultrapar Holdings Inc., through its subsidiaries, operates in the petrochemicals industry. The company has a P/E ratio of 52, above the average energy industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultrapar as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ultrapar Ratings Report.

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