Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Declares Dividend of $2.92

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) announced a dividend on Thursday, May 14th. Stockholders of record on Tuesday, May 26th will be given a dividend of 2.9165 per share by the transportation company on Wednesday, June 3rd. This represents a dividend 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 Price Performance

Grupo Aeroportuario del Centro Norte stock opened at $104.48 on Friday. Grupo Aeroportuario del Centro Norte has a 52-week low of $95.19 and a 52-week high of $134.99. The firm has a fifty day moving average of $111.60 and a 200-day moving average of $111.79. The firm has a market capitalization of $4.44 billion, a P/E ratio of 17.47, a PEG ratio of 1.12 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data 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 return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million during the quarter, compared to analyst estimates of $199.73 million. As a group, analysts predict that Grupo Aeroportuario del Centro Norte will post 6.97 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several large investors have recently bought and sold shares of OMAB. Janney Montgomery Scott LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $11,038,000. Militia Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth approximately $9,732,000. Empirical Finance LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after buying an additional 71,924 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after buying an additional 39,581 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $3,757,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.