Cementos Pacasmayo S.A.A. (CPAC) To Go Ex-Dividend on November 21st

Cementos Pacasmayo S.A.A. (NYSE:CPAC) declared a special dividend on Wednesday, October 22nd. Investors of record on Friday, November 21st will be paid a dividend of 0.6018 per share by the construction company on Thursday, December 18th. The ex-dividend date is Friday, November 21st.

Cementos Pacasmayo S.A.A. has increased its dividend payment by an average of 0.0%annually over the last three years. Cementos Pacasmayo S.A.A. has a dividend payout ratio of 80.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Cementos Pacasmayo S.A.A. to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 87.3%.

Cementos Pacasmayo S.A.A. Stock Performance

NYSE:CPAC opened at $7.27 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.40 and a current ratio of 1.34. The stock has a 50-day simple moving average of $7.15 and a two-hundred day simple moving average of $6.45. The firm has a market capitalization of $615.88 million, a PE ratio of 10.38 and a beta of 0.78. Cementos Pacasmayo S.A.A. has a 52-week low of $5.10 and a 52-week high of $7.57.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.83% and a net margin of 10.68%.The company had revenue of $162.44 million during the quarter, compared to the consensus estimate of $159.70 million. Analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent filing with the SEC.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.