Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Increases Dividend to $4.47 Per Share

Key Points

• Grupo Aeroportuario Del Pacifico has declared a semi-annual dividend of $4.47, which marks a 3.3% increase from the previous dividend of $4.32.
• The ex-dividend date is set for August 13, with payment scheduled for August 25 for shareholders of record.
• The company's most recent quarterly earnings report showed a net margin of 24.28% and earnings per share of $2.70, missing estimates by $0.05.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) declared a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Wednesday, August 13th will be paid a dividend of 4.4656 per share by the transportation company on Monday, August 25th. This represents a dividend yield of 350.0%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a 3.3% increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32.

Grupo Aeroportuario Del Pacifico Stock Up 0.1%

Shares of PAC stock traded up $0.34 during trading hours on Friday, reaching $242.39. 11,447 shares of the stock were exchanged, compared to its average volume of 90,304. The business's fifty day moving average is $229.12 and its two-hundred day moving average is $208.11. The firm has a market capitalization of $12.25 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.91 and a beta of 1.14. Grupo Aeroportuario Del Pacifico has a 12-month low of $151.65 and a 12-month high of $244.01. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). The firm had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. As a group, research analysts expect that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.