Grupo Aeroportuario del Pacifico SAB de CV's Dividend Analysis
Understanding the Dividend Dynamics of Grupo Aeroportuario del Pacifico SAB de CV
Grupo Aeroportuario del Pacifico SAB de CV (NYSE:PAC) recently announced a dividend of $2.16 per share, payable on 2023-12-26, with the ex-dividend date set for 2023-12-13. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Grupo Aeroportuario del Pacifico SAB de CV's dividend performance and assess its sustainability.
What Does Grupo Aeroportuario del Pacifico SAB de CV Do?
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Grupo Aeroportuario del Pacifico SAB de CV operates within the airport sector, focusing on the construction, development, and operation of airports in Mexico. The company's business is divided into segments, with the Guadalajara segment being its most significant revenue contributor. Grupo Aeroportuario del Pacifico SAB de CV's operations are crucial to transportation infrastructure and tourism, two vital components of Mexico's economy.
A Glimpse at Grupo Aeroportuario del Pacifico SAB de CV's Dividend History
Grupo Aeroportuario del Pacifico SAB de CV has established a track record of consistent dividend payments since 2021, with dividends being distributed on a quarterly basis. This consistency is a positive sign for investors looking for regular income streams from their investments.
Below is a chart showing annual Dividends Per Share to help track historical trends.
Breaking Down Grupo Aeroportuario del Pacifico SAB de CV's Dividend Yield and Growth
Currently, Grupo Aeroportuario del Pacifico SAB de CV boasts a 12-month trailing dividend yield of 4.38% and a 12-month forward dividend yield of 5.85%, indicating an expectation of increased dividend payments in the coming year. Over the past three years, the company's annual dividend growth rate was an impressive 19.60%.
Considering the dividend yield and the five-year growth rate, the 5-year yield on cost for Grupo Aeroportuario del Pacifico SAB de CV stock is approximately 4.38%.
The Sustainability Question: Payout Ratio and Profitability
The dividend payout ratio is a critical metric for evaluating the sustainability of a company's dividend. Grupo Aeroportuario del Pacifico SAB de CV's payout ratio stands at 0.81 as of 2023-09-30, which may raise concerns about the long-term sustainability of its dividend payments.