Copa Holdings, S.A. Plans Quarterly Dividend of $0.75 (CPA)

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Stockholders of record on Thursday, November 30th will be given a dividend of 0.75 per share by the transportation company on Friday, December 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, November 29th.

Copa Holdings, has raised its dividend by an average of 11.8% per year over the last three years. Copa Holdings, has a dividend payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Copa Holdings, to earn $9.92 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 30.2%.

Copa Holdings, (CPA) opened at $134.87 on Friday. Copa Holdings, has a one year low of $87.69 and a one year high of $138.69. The company has a market capitalization of $6,030.85, a P/E ratio of 17.49, a P/E/G ratio of 2.37 and a beta of 1.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05.

Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.06. Copa Holdings, had a return on equity of 16.81% and a net margin of 14.88%. The company had revenue of $657.17 million during the quarter, compared to analyst estimates of $644.36 million. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. equities analysts anticipate that Copa Holdings, will post 8.6 EPS for the current year.

CPA has been the subject of a number of research reports. BidaskClub lowered Copa Holdings, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Bank of America Corporation raised their price objective on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. UBS AG raised Copa Holdings, from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Copa Holdings, in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $129.69.

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Copa Holdings, Company Profile

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

Dividend History for Copa Holdings, (NYSE:CPA)

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