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

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Wednesday, May 13th. Shareholders 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) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th.

Copa has increased its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Copa has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NYSE CPA traded up $14.97 during trading hours on Thursday, hitting $129.89. 606,099 shares of the company’s stock traded hands, compared to its average volume of 439,946. The company has a market capitalization of $5.34 billion, a PE ratio of 7.98, a PEG ratio of 1.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. Copa has a 52-week low of $99.32 and a 52-week high of $156.41. The firm’s 50-day moving average is $117.66 and its 200-day moving average is $125.32.

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

About Copa

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.