Companhia Paranaense de Energia – Copel Unsponsored ADR (ELPC) to Issue Special Dividend of $0.28 on January 29th

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) announced a special dividend on Friday, December 5th. Shareholders of record on Friday, January 2nd will be given a dividend of 0.2795 per share on Thursday, January 29th. The ex-dividend date is Friday, January 2nd.

Companhia Paranaense de Energia – Copel Stock Performance

Companhia Paranaense de Energia – Copel stock traded down $0.05 during trading on Wednesday, reaching $9.42. The company had a trading volume of 13,338 shares, compared to its average volume of 9,134. The stock’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $8.86. Companhia Paranaense de Energia – Copel has a 12-month low of $5.04 and a 12-month high of $10.51. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 18.49 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its earnings results on Wednesday, December 3rd. The company reported $0.10 EPS for the quarter. The business had revenue of $1.28 billion during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.