Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) to Issue Dividend of $2.52

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) announced a dividend on Wednesday, November 12th. Shareholders of record on Wednesday, November 26th will be given a dividend of 2.5219 per share by the transportation company on Friday, December 5th. This represents a yield of 481.0%. The ex-dividend date is Wednesday, November 26th.

Grupo Aeroportuario del Centro Norte has raised its dividend by an average of 0.2%per year over the last three years. Grupo Aeroportuario del Centro Norte has a dividend payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aeroportuario del Centro Norte to earn $5.75 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 36.5%.

Grupo Aeroportuario del Centro Norte Stock Up 2.2%

Shares of Grupo Aeroportuario del Centro Norte stock traded up $2.28 during trading on Thursday, hitting $107.11. 7,132 shares of the stock traded hands, compared to its average volume of 76,551. The firm has a market cap of $4.56 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. Grupo Aeroportuario del Centro Norte has a 52-week low of $62.37 and a 52-week high of $116.25. The company has a current ratio of 1.14, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The stock’s fifty day simple moving average is $104.13 and its 200 day simple moving average is $103.54.

Analyst Upgrades and Downgrades

OMAB has been the subject of several research reports. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Zacks Research cut Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.17.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.