
Copa Holdings, S.A.
CPAIndustrials · Airlines · Stock · quarterly payer
Forward Yield
5.15%
Annual Dividend
$6.84
Payout Ratio
44%
5-Yr Growth
15.0%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Key facts about CPA's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Copa Holdings, S.A. (CPA) has a forward dividend yield of 5.15%, based on an annual dividend of $6.84 per share and a share price of $132.92.
- As of Oct 18, 2026, CPA's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
- CPA last cut its regular dividend in 2019.
- CPA's most recent ex-dividend date was Aug 31, 2026, for a dividend of $1.71 per share.
- As of Oct 18, 2026, CPA pays out 44% of its trailing 12-month earnings as dividends (its payout ratio).
- CPA's dividend has grown at an average rate of 15.0% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CPA is $234.12 per share, 76% above the $132.92 share price, so CPA screens as undervalued.
- Copa Holdings, S.A. (CPA) pays its dividend quarterly, 4 times a year.
- Copa Holdings, S.A. (CPA) has raised its regular dividend 11 times and cut it 4 times across the 50 payments on record since 2006. Its most recent change was a 6.2% increase to $1.71 per share, going ex-dividend on Feb 27, 2026. The last cut went ex-dividend on Feb 27, 2019.
Cite this page
SmarterDividends, "CPA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/CPA
Summary
As of Oct 18, 2026, Copa Holdings, S.A. (CPA) yields 5.15% ($6.84 a year per share) and has a dividend safety grade of C (64/100).
Is CPA a good dividend stock?
Yes, with caveatsCopa Holdings, S.A. (CPA) pays a quarterly dividend yielding 5.15% ($6.84/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (44%)
- Strong 15.0% 5-yr dividend growth
- 90% total price return over 5 years
Risks
- Cut its dividend in 2019
Key Data
- Dividend Yield
- 5.15%
- Payout Ratio
- 44%
- Annual Dividend
- $6.84
- 5-Yr Avg Growth
- 15.0%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.03
- Market Cap
- $5.4B
- P/E Ratio
- 8.7
- 5-Yr Total Return
- 90%
- 52-Week Range
- $107.44 – $160.47
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2019)
CPA dividend raises and cuts
Copa Holdings, S.A. (CPA) has raised its regular dividend 11 times and cut it 4 times across the 50 payments on record since 2006. Its most recent change was a 6.2% increase to $1.71 per share, going ex-dividend on Feb 27, 2026. The last cut went ex-dividend on Feb 27, 2019.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 27, 2026 | Raise | $1.61 → $1.71 | +6.2% |
| Feb 28, 2024 | Raise | $0.820 → $1.61 | +96.3% |
| Feb 27, 2020 | Raise | $0.650 → $0.800 | +23.1% |
| Feb 27, 2019 | Cut | $0.870 → $0.650 | −25.3% |
| Mar 2, 2018 | Raise | $0.750 → $0.870 | +16.0% |
| Aug 29, 2017 | Raise | $0.510 → $0.750 | +47.1% |
| Mar 1, 2016 | Cut | $0.840 → $0.510 | −39.3% |
| Feb 25, 2015 | Cut | $0.960 → $0.840 | −12.5% |
| Feb 26, 2014 | Raise | $0.730 → $0.960 | +31.5% |
| Aug 28, 2013 | Cut | $2.10 → $0.730 | −65.2% |
| May 29, 2012 | Raise | $1.64 → $2.10 | +28.0% |
| May 26, 2011 | Raise | $1.09 → $1.64 | +50.5% |
Show all 15 changes since 2007
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 26, 2010 | Raise | $0.370 → $1.09 | +194.6% |
| May 28, 2008 | Raise | $0.310 → $0.370 | +19.4% |
| May 29, 2007 | Raise | $0.190 → $0.310 | +63.2% |
Frequently Asked Questions
Is CPA a good dividend stock?
Yes, with caveats. Copa Holdings, S.A. (CPA) pays a quarterly dividend yielding 5.15% ($6.84/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is CPA undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CPA's fair value is about $234.12 versus a $132.92 share price — so it looks undervalued (+76% vs. fair value).
Is CPA's dividend safe?
CPA has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2019, debt and yield-versus-history.
What is CPA's fair value?
Our blended fair-value estimate for CPA is about $234.12 per share, roughly 76% above the current $132.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CPA a buy, hold, or sell?
We don't issue formal ratings, but on the data CPA screens as "yes, with caveats" and undervalued. Copa Holdings, S.A. (CPA) pays a quarterly dividend yielding 5.15% ($6.84/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will CPA cut its dividend?
CPA earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2019). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CPA pay a dividend?
Yes. Copa Holdings, S.A. pays a quarterly dividend of about $6.84 per share annually, a forward yield of roughly 5.15%.
What is CPA's dividend yield?
As of Oct 18, 2026, CPA's forward dividend yield is 5.15%, based on a $6.84 annual dividend and a $132.92 share price.
What is CPA's dividend per share?
As of Oct 18, 2026, CPA pays $6.84 per share per year, distributed on a quarterly basis.
What is CPA's dividend payout ratio?
As of Oct 18, 2026, CPA's payout ratio is 44% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has CPA grown its dividend?
CPA does not currently have a long dividend-growth streak on record.
When is the next CPA ex-dividend date?
As of Oct 18, 2026, CPA's next ex-dividend date hasn't been announced. The most recent was Aug 31, 2026, for $1.71 per share.
CPA Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+43%
5 Years
+90%
52-Week Range
$107.44 – $160.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CPA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Copa Holdings, S.A. is $234.12 per share, versus a market price of $132.92. That implies 76% of upside — a margin of safety of about 43%.
Fair Value
$234.12
Current Price
$132.92
Upside
+76%
Margin of Safety
43%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 6.4% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.4% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $15.21 EPS, $6.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CPA Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CPA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | Sep 15, 2026 | $1.7100 | regular |
| May 29, 2026 | Jun 15, 2026 | $1.7100 | regular |
| Feb 27, 2026 | Mar 13, 2026 | $1.7100 | regular |
| Dec 1, 2025 | Dec 15, 2025 | $1.6100 | regular |
| Aug 29, 2025 | Sep 15, 2025 | $1.6100 | regular |
| May 30, 2025 | Jun 13, 2025 | $1.6100 | regular |
| Feb 28, 2025 | Mar 14, 2025 | $1.6100 | regular |
| Dec 2, 2024 | Dec 13, 2024 | $1.6100 | regular |
| Aug 30, 2024 | Sep 13, 2024 | $1.6100 | regular |
| May 31, 2024 | Jun 14, 2024 | $1.6100 | regular |
| Feb 28, 2024 | Mar 15, 2024 | $1.6100 | regular |
| Nov 29, 2023 | Dec 15, 2023 | $0.8200 | regular |
| Sep 28, 2023 | Oct 13, 2023 | $0.8200 | regular |
| May 30, 2023 | Jun 15, 2023 | $0.8200 | regular |
Income Calculator
At $6.84 / yr per share
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