Avianca Holdings SA (NYSE:AVH) declared a monthly dividend on Tuesday, September 4th, NASDAQ reports. Shareholders of record on Friday, September 21st will be paid a dividend of 0.056 per share by the transportation company on Tuesday, October 9th. This represents a $0.67 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date is Thursday, September 20th.
Avianca has decreased its dividend by an average of 14.6% annually over the last three years. Avianca has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Avianca to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.1%.
Shares of AVH traded up $0.27 during trading hours on Friday, reaching $5.61. The company had a trading volume of 110,390 shares, compared to its average volume of 99,285. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 6.37. The company has a market capitalization of $436.13 million, a PE ratio of 14.03, a P/E/G ratio of 0.34 and a beta of 0.60. Avianca has a 12-month low of $5.12 and a 12-month high of $9.76.
AVH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Avianca from a “strong sell” rating to a “hold” rating in a report on Monday, July 16th. TheStreet downgraded shares of Avianca from a “c-” rating to a “d+” rating in a report on Monday, July 16th. Finally, ValuEngine downgraded shares of Avianca from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Avianca presently has a consensus rating of “Hold” and an average price target of $10.19.
Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.
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