Ultrapar Participacoes S.A. (Ne
UGPEnergy · Stock · semiannual payer
Forward Yield
5.57%
Annual Dividend
$0.38
Payout Ratio
40%
5-Yr Growth
7.2%
Ex-Date
Aug 26, 2026
Frequency
Semiannual
Summary
As of August 2026, Ultrapar Participacoes S.A. (Ne (UGP) yields 5.57% ($0.38 per share annually), with a blended fair-value estimate of $16.31 — +142% upside, so it screens as undervalued. Dividend safety grade: C (50/100). 2 years of dividend growth.
Is UGP a good dividend stock?
MixedUltrapar Participacoes S.A. (Ne (UGP) pays a semiannual dividend yielding 5.57% ($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 (40%)
- Strong 7.2% 5-yr dividend growth
- 150% total price return over 5 years
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 5.57%
- Payout Ratio
- 40%
- 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
- $7.2B
- P/E Ratio
- 10.7
- 5-Yr Total Return
- 150%
- 52-Week Range
- —
- Dividend Safety
- C · 50/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
UGP Price — Last 12 Months
Daily close
Price Return
1 Year
+64%
3 Years
+84%
5 Years
+150%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UGP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Ultrapar Participacoes S.A. (Ne is $16.31 per share, versus a market price of $6.74. That implies 142% of upside — a margin of safety of about 59%.
Fair Value
$16.31
Current Price
$6.74
Upside
+142%
Margin of Safety
59%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 13.2% stage-1 growth, 2.5% terminal growth, $0.63 EPS, $0.38 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UGP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 10, 2025 | — | $0.0780 | regular |
| Aug 19, 2024 | — | $0.0450 | regular |
| Mar 8, 2024 | — | $0.0800 | regular |
| Aug 18, 2023 | — | $0.0520 | regular |
| Feb 24, 2023 | — | $0.0190 | regular |
| May 24, 2022 | — | $0.0800 | regular |
| Mar 4, 2022 | — | $0.0330 | regular |
| Aug 25, 2021 | — | $0.0010 | regular |
| Aug 20, 2021 | — | $0.0380 | regular |
| Mar 5, 2021 | — | $0.0800 | regular |
| Feb 28, 2020 | — | $0.0550 | regular |
| Aug 23, 2019 | — | $0.0500 | regular |
| Mar 1, 2019 | — | $0.0930 | regular |
| Aug 10, 2018 | — | $0.0745 | regular |
Income Calculator
At $0.38 / yr per share
