Copa Holdings sets dividend at $0.82 per share with 3.5% yield

Must read

‘Oppenheimer’ steamrolls toward Oscars with Screen Actors Guild Award wins

Oppenheimer film billboard in Times Square, NYC on July 29th, 2023.Adam Jeffery | CNBCHistorical epic "Oppenheimer" picked up more prizes on Saturday at Hollywood's...

Smartphone giants like Samsung are going to talk up ‘AI phones’ this year — here’s what that means

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most...

House China committee demands Elon Musk open SpaceX Starshield internet to U.S. troops in Taiwan

Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Dec. 15,...

U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

The U.S. and Britain struck 18 Houthi targets in Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on...

Copa Holdings sets dividend at $0.82 per share with 3.5% yield © Reuters.

Copa Holdings (NYSE:) has declared an upcoming dividend of $0.82 per share, which represents a yield of approximately 3.5% against its current share price of $94.14. Shareholders interested in receiving this dividend must purchase the company’s stock by November 29 due to the required two-day settlement period before the record date of December 15.

The airline has maintained a conservative payout ratio of just 7.3% of its net income, suggesting that the dividend is well-covered and that there may be scope for future financial flexibility. This low payout ratio is a positive sign for investors, as it indicates the company’s ability to sustain its dividend payments without compromising its financial health.

In terms of growth and reinvestment, Copa Holdings has seen its earnings increase by an average annual rate of 2.8% over the past five years. The company has reinvested roughly three-quarters of its profits back into its operations, signaling a commitment to both maintaining a healthy dividend and pursuing potential expansion.

Furthermore, Copa Holdings has a history of rewarding investors with increasing dividends, having raised them by an average of 3.8% annually over the past decade. This consistent growth in dividends is an attractive feature for long-term investors, although they should be aware of the inherent investment risks associated with any equity investment.

Investors considering Copa Holdings as a dividend-paying stock will find these factors indicative of a robust dividend policy that could support ongoing payouts and potentially provide room for growth in the future.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

More articles

Latest article

‘Oppenheimer’ steamrolls toward Oscars with Screen Actors Guild Award wins

Oppenheimer film billboard in Times Square, NYC on July 29th, 2023.Adam Jeffery | CNBCHistorical epic "Oppenheimer" picked up more prizes on Saturday at Hollywood's...

Smartphone giants like Samsung are going to talk up ‘AI phones’ this year — here’s what that means

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most...

House China committee demands Elon Musk open SpaceX Starshield internet to U.S. troops in Taiwan

Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Dec. 15,...

U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

The U.S. and Britain struck 18 Houthi targets in Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on...

Broadcom reportedly nears $3.8 billion sale of remote access unit to KKR

A sign on the campus offices of chipmaker Broadcom is shown in Irvine, California.Mike Blake | ReutersChipmaker Broadcom is nearing a $3.8 billion deal...