Copa Holdings, S.A. (NYSE:cpa) announced a quarterly dividend on Thursday, May 11th, NASDAQ reports. Investors of record on Wednesday, May 31st will be paid a dividend of 0.51 per share by the transportation company on Thursday, June 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 26th.

Copa Holdings, has raised its dividend by an average of 11.8% annually over the last three years. Copa Holdings, has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Copa Holdings, to earn $9.61 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 21.2%.

Shares of Copa Holdings, (NYSE CPA) traded down 0.09% during midday trading on Friday, reaching $112.63. The company had a trading volume of 270,802 shares. The company has a 50 day moving average of $115.45 and a 200 day moving average of $105.22. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 14.86 and a beta of 1.75. Copa Holdings, has a 12-month low of $48.57 and a 12-month high of $125.78.

Copa Holdings, (NYSE:CPA) last posted its earnings results on Wednesday, May 10th. The transportation company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.09. Copa Holdings, had a return on equity of 13.23% and a net margin of 14.32%. The company had revenue of $616.70 million for the quarter, compared to the consensus estimate of $621.16 million. During the same quarter in the prior year, the company earned $1.66 earnings per share. Copa Holdings,’s revenue was up 10.6% on a year-over-year basis. Analysts anticipate that Copa Holdings, will post $8.46 EPS for the current year.

Dividend History for Copa Holdings, (NYSE:cpa)

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A number of research firms have weighed in on CPA. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, May 11th. Evercore ISI raised Copa Holdings, from a “sell” rating to a “hold” rating and increased their target price for the company from $75.00 to $100.00 in a report on Friday, February 17th. ValuEngine downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, TheStreet raised Copa Holdings, from a “c” rating to a “b” rating in a report on Thursday, February 16th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $100.54.

About Copa Holdings,

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.

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