Companhia Paranaense de Energia (COPEL) Plans Special Dividend of $0.57 (NYSE:ELP)

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) announced a special dividend on Friday, January 1st. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.5732 per share by the utilities provider on Friday, January 9th. The ex-dividend date is Wednesday, December 24th.

Companhia Paranaense de Energia (COPEL) has decreased its dividend payment by an average of 0.1%annually over the last three years. Companhia Paranaense de Energia (COPEL) has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Companhia Paranaense de Energia (COPEL) to earn $0.13 per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of 184.6%.

Companhia Paranaense de Energia (COPEL) Stock Performance

Shares of ELP stock opened at $9.69 on Monday. Companhia Paranaense de Energia has a one year low of $5.72 and a one year high of $11.23. The firm has a 50-day moving average of $10.31 and a 200-day moving average of $9.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.42. The company has a market cap of $5.77 billion, a P/E ratio of 80.78, a P/E/G ratio of 3.56 and a beta of 0.76.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last released its earnings results on Thursday, November 13th. The utilities provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $972.33 million. Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%. Equities research analysts forecast that Companhia Paranaense de Energia will post 0.12 EPS for the current fiscal year.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia (COPEL) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.