Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Shareholders Set to Receive $11.19 Annual Dividend

Key Points

• Grupo Aeroportuario del Pacífico declared an annual dividend of $11.185 per share, payable November 16 to shareholders of record on November 9. The article reports a 500% yield, though it also cites a $4.01 annual dividend elsewhere.
• The dividend appears covered by earnings, with a current payout ratio of 28.8% and an expected future payout ratio of 31.7% based on projected earnings of $12.66 per share.
• PAC shares recently traded at $223.73, with a market capitalization of $11.31 billion and a 52-week range of $192.65 to $300.41. GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana and Puerto Vallarta.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) declared an annual dividend on Wednesday, October 28th. Stockholders of record on Monday, November 9th will be given a dividend of $11.1850 per share by the transportation company on Monday, November 16th. This represents a dividend yield of 500.0%. The ex-dividend date of this dividend is Monday, November 9th.

Grupo Aeroportuario Del Pacifico has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aeroportuario Del Pacifico to earn $12.66 per share next year, which means the company should continue to be able to cover its $4.01 annual dividend with an expected future payout ratio of 31.7%.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC traded up $1.52 during trading hours on Thursday, reaching $223.73. 47,558 shares of the company's stock traded hands, compared to its average volume of 124,305. Grupo Aeroportuario Del Pacifico has a twelve month low of $192.65 and a twelve month high of $300.41. The business's fifty day simple moving average is $208.04 and its two-hundred day simple moving average is $237.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.57 and a beta of 0.97.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC, commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.

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