Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Declares Special Dividend of $5.37

Key Points

• ASUR declared a special dividend of $5.3688 per share, payable December 10 to shareholders of record November 27; the ex-dividend date is also November 27.
• The dividend appears covered by earnings: the current payout ratio is 51.4%, and analysts project a 57.0% payout ratio next year.
• In its latest quarter, ASUR reported EPS of $3.98, below the $4.38 consensus estimate, while revenue of $576.34 million topped analyst expectations of $527.02 million.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) declared a special dividend on Monday, November 9th. Investors of record on Friday, November 27th will be paid a dividend of $5.3688 per share by the transportation company on Thursday, December 10th. The ex-dividend date is Friday, November 27th.

Grupo Aeroportuario del Sureste has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aeroportuario del Sureste to earn $21.94 per share next year, which means the company should continue to be able to cover its $12.51 annual dividend with an expected future payout ratio of 57.0%.

Grupo Aeroportuario del Sureste Trading Down 0.1%

ASR traded down $0.21 on Tuesday, hitting $266.61. The company had a trading volume of 3,250 shares, compared to its average volume of 66,243. The company's fifty day moving average price is $246.79 and its 200 day moving average price is $296.15. The firm has a market cap of $8.00 billion, a P/E ratio of 14.24, a PEG ratio of 2.15 and a beta of 0.49. Grupo Aeroportuario del Sureste has a 1 year low of $226.19 and a 1 year high of $381.52. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The company had revenue of $576.34 million during the quarter, compared to analyst estimates of $527.02 million. As a group, equities analysts expect that Grupo Aeroportuario del Sureste will post 18.32 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors and hedge funds have recently bought and sold shares of ASR. State of Wyoming purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Grupo Aeroportuario del Sureste during the 3rd quarter worth $61,000. Parallel Advisors LLC boosted its stake in Grupo Aeroportuario del Sureste by 42.1% during the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company's stock worth $142,000 after purchasing an additional 125 shares during the period. Parvin Asset Management LLC purchased a new position in Grupo Aeroportuario del Sureste during the 1st quarter worth $220,000. Finally, Alamar Capital Management LLC acquired a new position in Grupo Aeroportuario del Sureste in the first quarter valued at $235,000. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.

Founded in 1996 as part of Mexico's airport privatization process, ASUR began operating its airport concessions in 1998.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.