Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) To Go Ex-Dividend on May 26th

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) announced a dividend on Thursday, May 14th. Shareholders of record on Tuesday, May 26th will be paid 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 of this dividend is Tuesday, May 26th.

Grupo Aeroportuario del Centro Norte has a 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 Trading Down 1.6%

Shares of Grupo Aeroportuario del Centro Norte stock opened at $102.84 on Friday. The business has a fifty day simple moving average of $111.33 and a two-hundred day simple moving average of $111.72. Grupo Aeroportuario del Centro Norte has a 1 year low of $95.19 and a 1 year high of $134.99. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12.

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