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Brazilian utility Copel to pay $0.5732 dividend Jan. 9, 2025, despite earnings miss and high projected payout ratio.
COPEL, a Brazilian electric utility, announced a special dividend of $0.5732 per share, payable January 9, 2025, to shareholders of record on December 24, 2024.
The company, which operates across Brazil’s electricity value chain, reported a quarterly earnings miss, posting $0.02 per share versus an expected $0.04, though revenue exceeded estimates.
Despite a current payout ratio of 38.7%, analysts project a future ratio of 184.6% based on expected earnings of $0.13 per share, raising sustainability concerns.
The stock, trading at $9.69 with a market cap of $5.77 billion, has a 52-week range of $5.72 to $11.23 and a P/E ratio of 80.78.
Analysts maintain a "Hold" rating.
La empresa de servicios públicos brasileña Copel pagará un dividendo de $ 0.5732 el 9 de enero de 2025, a pesar de la falta de ganancias y la alta proporción de pagos proyectada.