Companhia Paranaense de Energia – Copel Unsponsored ADR Announces Special Dividend of $0.33 (NYSE:ELPC)

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) declared a special dividend on Monday, December 22nd. Shareholders of record on Monday, January 5th will be paid a dividend of 0.3299 per share on Friday, July 10th. The ex-dividend date is Monday, January 5th.

Companhia Paranaense de Energia – Copel Price Performance

Shares of NYSE:ELPC traded down $0.38 during trading on Wednesday, reaching $8.86. The company had a trading volume of 9,467 shares, compared to its average volume of 8,031. Companhia Paranaense de Energia – Copel has a fifty-two week low of $5.04 and a fifty-two week high of $10.51. The stock’s fifty day moving average price is $9.73 and its 200 day moving average price is $8.83. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 17.37 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share for the quarter. The company had revenue of $1.28 billion for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.