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

Copa Holdings, S.A. (NYSE:CPAGet Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be given a dividend of 1.71 per share by the transportation company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, August 31st.

Copa has increased its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 2 years. Copa has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $20.08 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 34.1%.

Copa Price Performance

Shares of CPA opened at $150.54 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.07 and a beta of 1.01. The business’s 50-day moving average is $144.56 and its 200-day moving average is $133.89. Copa has a fifty-two week low of $107.44 and a fifty-two week high of $160.46.

Copa (NYSE:CPAGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. Equities research analysts expect that Copa will post 16.6 EPS for the current fiscal year.

About Copa

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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.

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Dividend History for Copa (NYSE:CPA)

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