Copa Holdings, S.A. Plans Quarterly Dividend of $1.61 (NYSE:CPA)

Copa Holdings, S.A. (NYSE:CPA) announced a quarterly dividend on Wednesday, November 19th. Shareholders of record on Monday, December 1st will be given a dividend of 1.61 per share by the transportation company on Monday, December 15th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, December 1st.

Copa has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Copa has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Copa to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 37.2%.

Copa Trading Up 2.5%

Shares of Copa stock opened at $126.26 on Thursday. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $130.00. The business’s fifty day moving average is $122.86 and its two-hundred day moving average is $114.13. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.20 billion, a PE ratio of 8.21, a P/E/G ratio of 1.08 and a beta of 1.30.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.03 by $0.17. Copa had a return on equity of 26.22% and a net margin of 18.36%.The firm had revenue of $913.15 million during the quarter, compared to analyst estimates of $917.51 million. During the same period in the prior year, the firm posted $3.50 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPA. Signet Financial Management LLC grew its holdings in Copa by 4.3% during the 2nd quarter. Signet Financial Management LLC now owns 2,747 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 112 shares in the last quarter. Private Advisor Group LLC boosted its position in Copa by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock valued at $256,000 after buying an additional 119 shares during the last quarter. US Bancorp DE grew its stake in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Copa by 19.6% during the first quarter. Bell Investment Advisors Inc now owns 841 shares of the transportation company’s stock worth $78,000 after acquiring an additional 138 shares during the last quarter. Finally, Range Financial Group LLC boosted its holdings in Copa by 0.9% in the second quarter. Range Financial Group LLC now owns 16,795 shares of the transportation company’s stock valued at $1,847,000 after purchasing an additional 143 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.