Copel (NYSE:ELP) Announces $0.02 Annual Dividend

Copel (NYSE:ELP) announced an annual dividend on Thursday, April 26th, NASDAQ reports. Shareholders of record on Thursday, May 17th will be given a dividend of 0.023 per share by the utilities provider on Thursday, May 17th. This represents a yield of 0.31%. The ex-dividend date is Wednesday, May 16th.

Copel opened at $6.35 on Friday, Marketbeat.com reports. The firm has a market cap of $1.83 billion, a P/E ratio of 6.18 and a beta of 1.35. Copel has a one year low of $6.48 and a one year high of $6.83. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.48.

Copel (NYSE:ELP) last announced its earnings results on Thursday, April 12th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion during the quarter. Copel had a net margin of 6.81% and a return on equity of 6.08%.

Several research analysts have recently issued reports on the stock. ValuEngine lowered shares of Copel from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup lowered shares of Copel from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 27th.

Copel Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of ParanĂ¡, Brazil. As of December 31, 2016, the company operated 18 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,025.7 megawatts; and owned and operated 2,522 kilometers of transmission lines and 195,458.5 kilometers of distribution lines.

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