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flag Brazilian utility Copel to pay $0.5732 dividend Jan. 9, 2025, despite earnings miss and high projected payout ratio.

flag 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. flag 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. flag 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. flag 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. flag Analysts maintain a "Hold" rating.

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