Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Announces Semi-annual Dividend of $4.47

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. Shareholders 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 yield of 350.0%. The ex-dividend date 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 3.5%

Shares of Grupo Aeroportuario Del Pacifico stock traded up $8.22 on Wednesday, reaching $241.51. The stock had a trading volume of 38,759 shares, compared to its average volume of 90,870. The stock has a market capitalization of $12.20 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.78 and a beta of 1.14. Grupo Aeroportuario Del Pacifico has a 1 year low of $148.87 and a 1 year high of $242.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The company has a 50 day moving average price of $228.64 and a 200 day moving average price of $207.53.

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

Wall Street Analyst Weigh In

PAC has been the topic of several recent research reports. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $200.00.

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.