Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Declares 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. This represents a dividend yield of 6.5%. The ex-dividend date is Tuesday, November 19th.

Grupo Aeroportuario del Centro Norte has a payout ratio of 158.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Grupo Aeroportuario del Centro Norte to earn $5.77 per share next year, which means the company may not be able to cover its $8.76 annual dividend with an expected future payout ratio of 151.8%.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $63.09 on Monday. Grupo Aeroportuario del Centro Norte has a 12 month low of $59.08 and a 12 month high of $90.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $2.68 billion, a PE ratio of 11.13, a PEG ratio of 3.82 and a beta of 1.31. The stock’s fifty day simple moving average is $68.08 and its 200 day simple moving average is $70.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OMAB shares. 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 raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $82.00 to $77.00 in a research note on Friday, September 6th. Finally, Bank of America downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective for the company. in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.83.

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.