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

Copa Holdings, S.A. (NYSE:CPA) 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) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, August 31st.

Copa has raised its dividend payment by an average of 0.5%annually 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. 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 Trading Up 2.7%

NYSE CPA opened at $150.54 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $144.56 and its two-hundred day simple moving average is $133.89. Copa has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.07 and a beta of 1.01.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, August 5th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.Copa’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.61 earnings per share. Research analysts forecast that Copa will post 16.6 EPS for the current fiscal year.

Copa Company Profile

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.