Cementos Pacasmayo S.A.A. (NYSE:CPAC) Announces $0.54 Variable Dividend

Cementos Pacasmayo S.A.A. (NYSE:CPAC) declared a Variable dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be given a dividend of 0.5421 per share by the construction company on Tuesday, December 17th. This represents a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, November 21st.

Cementos Pacasmayo S.A.A. has raised its dividend by an average of 19.3% per year over the last three years.

Cementos Pacasmayo S.A.A. Trading Up 1.4 %

NYSE CPAC opened at $6.41 on Tuesday. Cementos Pacasmayo S.A.A. has a 52 week low of $4.65 and a 52 week high of $6.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 1.56. The stock’s 50 day moving average price is $5.91 and its two-hundred day moving average price is $5.71.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $137.76 million during the quarter, compared to the consensus estimate of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. As a group, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a report on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.