Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Declares Semi-annual Dividend of $2.14 (NASDAQ:OMAB)

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) declared a semi-annual dividend on Thursday, May 15th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be given a dividend of 2.1363 per share by the transportation company on Monday, June 2nd. This represents a dividend yield of 4.1%. The ex-dividend date is Friday, May 23rd.

Grupo Aeroportuario del Centro Norte has raised its dividend by an average of 35.1% annually over the last three years.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $100.67 on Friday. The stock has a fifty day moving average price of $83.71 and a 200 day moving average price of $76.36. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $101.22. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 17.75 and a beta of 0.90.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. The business had revenue of $174.65 million during the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. Analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Company Profile

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.