Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Shares Will Pay Special Dividend of $5.37

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) announced a special dividend on Monday, November 9th. Shareholders of record on Friday, November 27th will be given a dividend of $5.3688 per share by the transportation company on Thursday, December 10th. The ex-dividend date of this dividend is Friday, November 27th.

Grupo Aeroportuario del Sureste has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aeroportuario del Sureste to earn $21.94 per share next year, which means the company should continue to be able to cover its $12.51 annual dividend with an expected future payout ratio of 57.0%.

Grupo Aeroportuario del Sureste Stock Down 0.1%

Shares of Grupo Aeroportuario del Sureste stock traded down $0.29 during midday trading on Tuesday, reaching $266.53. 3,632 shares of the company’s stock traded hands, compared to its average volume of 66,246. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 2.15 and a beta of 0.49. The company’s 50 day simple moving average is $246.79 and its 200 day simple moving average is $296.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. Grupo Aeroportuario del Sureste has a 52 week low of $226.19 and a 52 week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). The business had revenue of $576.34 million during the quarter, compared to the consensus estimate of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. Equities analysts expect that Grupo Aeroportuario del Sureste will post 18.32 earnings per share for the current fiscal year.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.

Founded in 1996 as part of Mexico’s airport privatization process, ASUR began operating its airport concessions in 1998.