Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) to Issue $2.92 Dividend

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) declared a dividend on Thursday, May 14th. Shareholders of record on Tuesday, May 26th will be given a dividend of 2.9165 per share by the transportation company on Wednesday, June 3rd. This represents a yield of 558.0%. The ex-dividend date is Tuesday, May 26th.

Grupo Aeroportuario del Centro Norte has a dividend payout ratio of 61.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aeroportuario del Centro Norte to earn $8.21 per share next year, which means the company should continue to be able to cover its $4.41 annual dividend with an expected future payout ratio of 53.7%.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ:OMAB opened at $104.48 on Friday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.12 and a beta of 0.64. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average is $111.60 and its two-hundred day moving average is $111.79. Grupo Aeroportuario del Centro Norte has a 12-month low of $95.19 and a 12-month high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The firm had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. Research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.97 EPS for the current year.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long?term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.