Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Raises Dividend to $7.41 Per Share

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) declared an annual dividend on Friday, May 13th, Wall Street Journal reports. Investors of record on Tuesday, May 31st will be paid a dividend of 7.4113 per share by the transportation company on Monday, June 13th. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, May 27th. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s previous annual dividend of $5.25.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a payout ratio of 1.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aeroportuario del Sureste, S. A. B. de C. V. to earn $14.28 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 1.0%.

Shares of NYSE ASR opened at $209.91 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.26. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $165.48 and a 52 week high of $230.80. The firm’s fifty day moving average is $208.11 and its 200 day moving average is $205.18.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) last issued its earnings results on Monday, April 25th. The transportation company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.60 by $1.07. The company had revenue of $272.50 million for the quarter, compared to the consensus estimate of $261.87 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 33.99% and a return on equity of 16.19%. Equities research analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 12.74 EPS for the current fiscal year.

Several analysts recently weighed in on the stock. Bradesco Corretora cut shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. to a “hold” rating and set a $230.00 price target on the stock. in a report on Tuesday, February 8th. StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “strong-buy” rating and set a $214.00 price target on the stock in a report on Tuesday, March 8th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a consensus rating of “Hold” and an average price target of $218.20.

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 689.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 49,780 shares of the transportation company’s stock worth $10,263,000 after purchasing an additional 43,475 shares in the last quarter. BlackRock Inc. boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 10.0% in the 1st quarter. BlackRock Inc. now owns 360,238 shares of the transportation company’s stock worth $79,830,000 after purchasing an additional 32,860 shares in the last quarter. Marshall Wace LLP bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth about $2,591,000. Mackenzie Financial Corp boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 21.7% in the 1st quarter. Mackenzie Financial Corp now owns 53,841 shares of the transportation company’s stock worth $11,931,000 after purchasing an additional 9,612 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.1% in the 3rd quarter. Morgan Stanley now owns 29,368 shares of the transportation company’s stock worth $5,492,000 after purchasing an additional 8,557 shares in the last quarter.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V. (Get Rating)

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan.

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Dividend History for Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

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