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

Copa Holdings, S.A. (NYSE:CPA) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 1.61 per share by the transportation company on Friday, December 13th. This represents a $6.44 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Monday, December 2nd.

Copa has increased its dividend by an average of 60.1% annually over the last three years. Copa has a payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Copa to earn $15.68 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 41.1%.

Copa Price Performance

NYSE:CPA opened at $93.31 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.89. Copa has a one year low of $80.01 and a one year high of $114.00. The company has a fifty day moving average price of $97.22 and a 200 day moving average price of $94.79. The stock has a market cap of $3.68 billion, a P/E ratio of 6.17, a PEG ratio of 0.73 and a beta of 1.48.

Wall Street Analyst Weigh In

CPA has been the subject of a number of research analyst reports. TD Cowen cut their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Evercore ISI decreased their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $148.83.

Copa Company Profile

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.