Cementos Pacasmayo S.A.A. Announces Dividend of $0.54 (NYSE:CPAC)

Cementos Pacasmayo S.A.A. (NYSE:CPAC) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.5421 per share by the construction company on Tuesday, December 17th. The ex-dividend date of this dividend is Thursday, November 21st.

Cementos Pacasmayo S.A.A. has raised its dividend by an average of 19.3% per year over the last three years.

Cementos Pacasmayo S.A.A. Stock Up 3.6 %

CPAC traded up $0.22 on Thursday, hitting $6.37. The company had a trading volume of 5,384 shares, compared to its average volume of 7,440. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 0.47. The stock has a fifty day moving average price of $5.83 and a 200-day moving average price of $5.66. Cementos Pacasmayo S.A.A. has a 12-month low of $4.65 and a 12-month high of $6.65.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $137.76 million for the quarter, compared to analyst estimates of $140.30 million. Cementos Pacasmayo S.A.A. had a return on equity of 17.48% and a net margin of 9.41%. On average, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a research note on Wednesday, August 21st.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.