Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Announces Thrice Yearly Dividend of $1.92 (NASDAQ:OMAB)

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) declared a Thrice Yearly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 1.921 per share by the transportation company on Wednesday, November 27th. The ex-dividend date of this dividend is Tuesday, November 19th.

Grupo Aeroportuario del Centro Norte has a payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Grupo Aeroportuario del Centro Norte to earn $5.77 per share next year, which means the company should continue to be able to cover its $5.19 annual dividend with an expected future payout ratio of 89.9%.

Grupo Aeroportuario del Centro Norte Stock Down 2.3 %

Shares of OMAB traded down $1.57 during trading hours on Friday, reaching $66.37. The company’s stock had a trading volume of 61,927 shares, compared to its average volume of 59,011. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 4.01 and a beta of 1.31. Grupo Aeroportuario del Centro Norte has a 1-year low of $58.85 and a 1-year high of $90.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $67.93 and a two-hundred day moving average of $71.41.

Analyst Ratings Changes

A number of research firms recently commented on OMAB. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $82.00 to $77.00 in a report on Friday, September 6th.

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.