Copa Holdings SA (CPA) stock surged 6.29% in pre-market trading on Thursday, driven by investor enthusiasm for the company's high dividend yield and positive analyst commentary.
Despite reporting slightly lower-than-expected Q4 earnings and revenue, Copa Holdings has caught investors' attention due to its attractive 7.1% dividend yield. This places the airline among the top 25% of U.S. dividend payers, offering a potentially steady income stream amidst market volatility.
Furthermore, analyst coverage has been optimistic on Copa Holdings' prospects. In a recent update, analysts highlighted the company as a top pick in the airline sector, fueling investor confidence in the stock's potential.
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