Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Plans Annual Dividend of $24.59

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) announced an annual dividend on Monday, April 28th, Wall Street Journal reports. Investors of record on Wednesday, May 28th will be given a dividend of 24.585 per share by the transportation company on Monday, June 9th. This represents a yield of 8.6%. The ex-dividend date of this dividend is Wednesday, May 28th. This is a 339.3% increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. has increased its dividend by an average of 11.9% per year over the last three years. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Grupo Aeroportuario del Sureste, S. A. B. de C. V. to earn $22.08 per share next year, which means the company may not be able to cover its $24.59 annual dividend with an expected future payout ratio of 111.4%.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 0.7 %

Shares of ASR stock traded down $2.25 during mid-day trading on Friday, reaching $314.00. The stock had a trading volume of 99,131 shares, compared to its average volume of 46,018. The firm has a market capitalization of $9.42 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 7.16 and a beta of 0.73. The stock's 50-day moving average price is $281.21 and its two-hundred day moving average price is $273.07. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $248.88 and a 52-week high of $356.90.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). The business had revenue of $430.05 million for the quarter, compared to analysts' expectations of $462.98 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. Equities analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group dropped their price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.