SmarterDividends
UGP

Ultrapar Participações S.A.

UGP

Energy · Oil & Gas Refining & Marketing · Stock · semiannual payer

$7.80

Undervalued · +71% Add to Portfolio

Forward Yield

4.82%

Annual Dividend

$0.38

Payout Ratio

41%

5-Yr Growth

7.2%

Ex-Date

Aug 26, 2026

Frequency

Semiannual

Key facts about UGP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Ultrapar Participações S.A. (UGP) has a forward dividend yield of 4.82%, based on an annual dividend of $0.38 per share and a share price of $7.80.
  • As of Oct 18, 2026, UGP's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Ultrapar Participações S.A. (UGP) has raised its dividend for 2 consecutive years as of Oct 18, 2026.
  • UGP last cut its regular dividend in 2023.
  • UGP's most recent ex-dividend date was Aug 26, 2026, for a dividend of $0.19 per share.
  • As of Oct 18, 2026, UGP pays out 41% of its trailing 12-month earnings as dividends (its payout ratio).
  • UGP's dividend has grown at an average rate of 7.2% a year over the past five years.
  • As of Oct 18, 2026, UGP's 4.82% yield is 60% above its five-year average yield of 3.01%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for UGP is $13.31 per share, 71% above the $7.80 share price, so UGP screens as undervalued.
  • Ultrapar Participações S.A. (UGP) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "UGP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/UGP

Summary

As of Oct 18, 2026, Ultrapar Participações S.A. (UGP) yields 4.82% ($0.38 a year per share), has a dividend safety grade of C (53/100) and has 2 consecutive years of dividend increases on record.

Is UGP a good dividend stock?

Mixed

Ultrapar Participações S.A. (UGP) pays a semiannual dividend yielding 4.82% ($0.38/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Comfortable payout ratio (41%)
  • Strong 7.2% 5-yr dividend growth
  • 205% total price return over 5 years

Risks

  • Cut its dividend in 2023

Key Data

Dividend Yield
4.82%
Payout Ratio
41%
Annual Dividend
$0.38
5-Yr Avg Growth
7.2%
Ex-Dividend Date
Aug 26, 2026
Years of Growth
2
Frequency
semiannual
Beta
0.26
Market Cap
$8.3B
P/E Ratio
12.6
5-Yr Total Return
205%
52-Week Range
$3.60 – $8.28
Dividend Safety
C · 53/100
Ever Cut?
Yes (2023)

UGP dividend changes

Ultrapar Participações S.A. (UGP) pays a variable dividend: across the 54 payments on record since 2000, 27 were higher than the one before and 19 lower. The latest change was up 50.0% to $0.0780 per share, going ex-dividend on Mar 10, 2025.

Ex-dateChangeOld → newMove
Mar 10, 2025Higher$0.0520 → $0.0780+50.0%
Aug 19, 2024Higher$0.0190 → $0.0450+136.8%
Aug 18, 2023Lower$0.0800 → $0.0520−35.0%
Feb 24, 2023Lower$0.0330 → $0.0190−42.4%
May 24, 2022Higher$0.0010 → $0.0800+7900.0%
Mar 4, 2022Lower$0.0380 → $0.0330−13.2%
Aug 25, 2021Lower$0.0800 → $0.0010−98.8%
Aug 20, 2021Lower$0.0550 → $0.0380−30.9%
Mar 5, 2021Higher$0.0500 → $0.0800+60.0%
Feb 28, 2020Lower$0.0930 → $0.0550−40.9%
Aug 23, 2019Lower$0.0745 → $0.0500−32.9%
Mar 1, 2019Lower$0.139 → $0.0930−33.1%
Every UGP payment →Download every raise and cut (CSV)
UGP ex-dividend date & scheduleNext ex-date Aug 26, 2026 · full ex-dividend historyView →UGP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is UGP a good dividend stock?

Mixed. Ultrapar Participações S.A. (UGP) pays a semiannual dividend yielding 4.82% ($0.38/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is UGP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, UGP's fair value is about $13.31 versus a $7.80 share price — so it looks undervalued (+71% vs. fair value).

Is UGP's dividend safe?

UGP has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is UGP's fair value?

Our blended fair-value estimate for UGP is about $13.31 per share, roughly 71% above the current $7.80 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is UGP a buy, hold, or sell?

We don't issue formal ratings, but on the data UGP screens as "mixed" and undervalued. Ultrapar Participações S.A. (UGP) pays a semiannual dividend yielding 4.82% ($0.38/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will UGP cut its dividend?

UGP earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does UGP pay a dividend?

Yes. Ultrapar Participações S.A. pays a semiannual dividend of about $0.38 per share annually, a forward yield of roughly 4.82%.

What is UGP's dividend yield?

As of Oct 18, 2026, UGP's forward dividend yield is 4.82%, based on a $0.38 annual dividend and a $7.80 share price.

What is UGP's dividend per share?

As of Oct 18, 2026, UGP pays $0.38 per share per year, distributed on a semiannual basis.

What is UGP's dividend payout ratio?

As of Oct 18, 2026, UGP's payout ratio is 41% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has UGP grown its dividend?

As of Oct 18, 2026, UGP has increased its dividend for 2 consecutive years.

When is the next UGP ex-dividend date?

As of Oct 18, 2026, UGP's next ex-dividend date hasn't been announced. The most recent was Aug 26, 2026, for $0.19 per share.

Income Calculator

At $0.38 / yr per share

Per payment (semiannual)$19.00
Annual$38.00
Monthly avg$3.17

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