Copa Holdings, S.A. (NYSE:CPA) Announces $1.71 Quarterly Dividend

Copa Holdings, S.A. (NYSE:CPAGet Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, May 29th will be paid a dividend of 1.71 per share by the transportation company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th.

Copa has increased its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Copa has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Copa to earn $19.06 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 35.9%.

Copa Stock Up 13.6%

Shares of CPA traded up $15.61 during midday trading on Thursday, hitting $130.53. 641,845 shares of the company’s stock traded hands, compared to its average volume of 440,165. Copa has a 1 year low of $99.32 and a 1 year high of $156.41. The firm’s fifty day moving average is $117.66 and its 200-day moving average is $125.32. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.00 and a beta of 0.94.

Copa (NYSE:CPAGet Free Report) last issued its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a return on equity of 25.62% and a net margin of 18.57%.The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $4.28 EPS. As a group, sell-side analysts anticipate that Copa will post 14.21 earnings per share for the current year.

Key Stories Impacting Copa

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Copa Company Profile

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Copa Holdings, SA (NYSE:CPA) is a Panama?based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

See Also

Dividend History for Copa (NYSE:CPA)

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