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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) announced a dividend on Thursday, May 14th. Stockholders 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 dividend yield of 558.0%. The ex-dividend date is Tuesday, May 26th.

Grupo Aeroportuario del Centro Norte has a payout ratio of 61.0% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.3%

Shares of OMAB opened at $104.48 on Friday. Grupo Aeroportuario del Centro Norte has a twelve month low of $95.19 and a twelve month high of $134.99. The firm has a market capitalization of $4.44 billion, a P/E 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 stock’s fifty day simple moving average is $111.60 and its 200 day simple moving average is $111.79.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly 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 for 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%. On average, equities research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.97 earnings per share for the current year.

About Grupo Aeroportuario del Centro Norte

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.