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

Copa Holdings, S.A. (NYSE:CPA) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be paid a dividend of 1.71 per share by the transportation company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, February 27th. This is a 6.2% increase from Copa’s previous quarterly dividend of $1.61.

Copa has increased its dividend payment by an average of 0.2%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 35.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.4%

CPA opened at $151.02 on Thursday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 9.39, a P/E/G ratio of 1.69 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. Copa has a 12 month low of $82.54 and a 12 month high of $156.41. The firm’s fifty day simple moving average is $129.43 and its 200 day simple moving average is $123.13.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.44 by ($0.26). The firm had revenue of $962.89 million during the quarter, compared to analyst estimates of $959.22 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.99 EPS. As a group, research analysts anticipate that Copa will post 15.48 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.