Cementos Pacasmayo S.A.A. (CPAC) to Issue Variable Dividend of $0.54 on December 17th

Cementos Pacasmayo S.A.A. (NYSE:CPAC) declared a Variable dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders 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 is Thursday, November 21st.

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

Cementos Pacasmayo S.A.A. Price Performance

Shares of Cementos Pacasmayo S.A.A. stock opened at $6.41 on Tuesday. The business has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.71. The company has a quick ratio of 0.47, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. Cementos Pacasmayo S.A.A. has a 12 month low of $4.65 and a 12 month high of $6.65.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded shares of Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research note on Wednesday, August 21st.

About Cementos Pacasmayo S.A.A.

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.