Copa Holdings, S.A. (NYSE:CPA) Raises Dividend to $0.80 Per Share

Copa Holdings, S.A. (NYSE:CPA) announced a quarterly dividend on Wednesday, February 12th, Zacks reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.80 per share by the transportation company on Friday, March 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Thursday, February 27th. This is an increase from Copa’s previous quarterly dividend of $0.65.

Copa has increased its dividend by an average of 1.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Copa has a dividend payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Copa to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 27.5%.

Shares of CPA stock traded up $0.93 during trading hours on Friday, reaching $110.21. The company had a trading volume of 5,059 shares, compared to its average volume of 314,997. The business has a fifty day moving average price of $103.81 and a 200-day moving average price of $102.99. Copa has a one year low of $77.57 and a one year high of $116.88. The firm has a market cap of $4.61 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.04.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.19. Copa had a net margin of 3.29% and a return on equity of 15.24%. The firm had revenue of $681.90 million during the quarter, compared to analyst estimates of $675.10 million. During the same period in the previous year, the business posted $1.04 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts forecast that Copa will post 7.75 EPS for the current year.

CPA has been the subject of a number of research analyst reports. Cowen boosted their target price on shares of Copa from $117.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday. Evercore ISI restated a “buy” rating on shares of Copa in a research report on Sunday, November 17th. ValuEngine upgraded shares of Copa from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America boosted their target price on shares of Copa from $117.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Buckingham Research boosted their target price on shares of Copa from $125.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Copa currently has an average rating of “Buy” and a consensus target price of $117.00.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Dividend History for Copa (NYSE:CPA)

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