Copa Holdings, S.A. (NYSE:CPA) to Issue Quarterly Dividend of $1.61

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 1.61 per share by the transportation company on Friday, March 14th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Friday, February 28th.

Copa has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Copa to earn $15.29 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 42.1%.

Copa Stock Up 0.1 %

NYSE CPA traded up $0.06 on Tuesday, reaching $97.84. The company had a trading volume of 83,199 shares, compared to its average volume of 293,224. The firm has a market capitalization of $4.11 billion, a PE ratio of 6.47, a P/E/G ratio of 0.68 and a beta of 1.44. The firm has a 50-day moving average of $90.26 and a 200-day moving average of $92.28. Copa has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating analysts' consensus estimates of $3.84 by $0.15. Copa had a net margin of 18.20% and a return on equity of 28.46%. On average, equities research analysts anticipate that Copa will post 14.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $153.29.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.