Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Declares Special Dividend of $5.76

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) declared a special dividend on Tuesday, April 28th. Investors of record on Wednesday, May 27th will be paid a dividend of 5.7572 per share by the transportation company on Monday, June 8th. The ex-dividend date is Wednesday, May 27th.

Grupo Aeroportuario del Sureste has a dividend payout ratio of 155.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Grupo Aeroportuario del Sureste to earn $22.06 per share next year, which means the company may not be able to cover its $37.82 annual dividend with an expected future payout ratio of 171.4%.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $299.99 on Thursday. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 3.61 and a beta of 0.58. The business’s fifty day simple moving average is $336.94 and its two-hundred day simple moving average is $327.36. Grupo Aeroportuario del Sureste has a 12 month low of $292.35 and a 12 month high of $381.52. The company has a current ratio of 3.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.58.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 22.93% and a net margin of 26.32%.The firm had revenue of $495.15 million during the quarter. Research analysts anticipate that Grupo Aeroportuario del Sureste will post 20.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ASR has been the subject of a number of recent analyst reports. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Sureste has an average rating of “Hold” and a consensus target price of $300.00.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.