Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Announces $0.57 Special Dividend

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) declared a special dividend on Friday, January 1st. Shareholders of record on Wednesday, December 24th will be given a dividend of 0.5732 per share by the utilities provider on Friday, January 9th. The ex-dividend date of this dividend is Wednesday, December 24th.

Companhia Paranaense de Energia (COPEL) has decreased its dividend payment by an average of 0.1%per year over the last three years. Companhia Paranaense de Energia (COPEL) has a payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Companhia Paranaense de Energia (COPEL) to earn $0.13 per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of 184.6%.

Companhia Paranaense de Energia (COPEL) Trading Down 2.7%

Shares of NYSE:ELP opened at $9.69 on Monday. Companhia Paranaense de Energia has a 12-month low of $5.72 and a 12-month high of $11.23. The business has a 50 day moving average of $10.31 and a 200-day moving average of $9.48. The company has a quick ratio of 1.42, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.77 billion, a PE ratio of 80.78, a P/E/G ratio of 3.56 and a beta of 0.76.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last announced its earnings results on Thursday, November 13th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $972.33 million. Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%. As a group, equities research analysts forecast that Companhia Paranaense de Energia will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia (COPEL) in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Companhia Paranaense de Energia (COPEL) presently has an average rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia (COPEL) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.