Copa Holdings, S.A. (CPA) to Issue Quarterly Dividend of $1.71 on September 15th

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be given a dividend of 1.71 per share by the transportation company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 31st.

Copa has raised its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 2 years. Copa has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Copa to earn $19.51 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 35.1%.

Copa Price Performance

Shares of CPA opened at $129.99 on Friday. The firm has a fifty day moving average price of $142.52 and a 200 day moving average price of $133.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. Copa has a 1-year low of $107.44 and a 1-year high of $160.46. The stock has a market cap of $5.35 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01.

Copa (NYSE:CPA) last released its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%.The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $3.61 EPS. As a group, sell-side analysts anticipate that Copa will post 15.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its position in Copa by 240.8% in the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 118 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of Copa during the 4th quarter worth approximately $27,000. Empowered Funds LLC purchased a new position in shares of Copa during the 4th quarter worth approximately $29,000. US Bancorp DE lifted its holdings in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after buying an additional 216 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.