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

Copa Holdings, S.A. (NYSE:CPA) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Friday, February 28th.

Copa has a 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 Price Performance

CPA opened at $97.71 on Friday. The company has a 50-day moving average of $90.06 and a 200-day moving average of $92.17. The company has a market capitalization of $4.11 billion, a P/E ratio of 6.46, a PEG ratio of 0.68 and a beta of 1.44. 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 quick ratio of 0.99 and a current ratio of 1.09.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a net margin of 18.20% and a return on equity of 28.46%. Equities analysts expect that Copa will post 14.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPA. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group lifted their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.