Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. to Issue Annual Dividend of $1.82 (NASDAQ:OMAB)

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMABGet Rating) declared an annual dividend on Friday, May 13th, Wall Street Journal reports. Stockholders of record on Monday, May 23rd will be given a dividend of 1.8212 per share by the transportation company on Tuesday, May 24th. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, May 20th.

Grupo Aeroportuario del Centro Norte has a payout ratio of 102.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Grupo Aeroportuario del Centro Norte to earn $4.29 per share next year, which means the company may not be able to cover its $4.37 annual dividend with an expected future payout ratio of 101.9%.

NASDAQ:OMAB opened at $56.65 on Friday. Grupo Aeroportuario del Centro Norte has a 1 year low of $44.86 and a 1 year high of $63.06. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 4.84 and a beta of 1.34. The business has a fifty day moving average of $57.27 and a 200-day moving average of $54.33. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.43 and a current ratio of 1.43.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last released its quarterly earnings results on Monday, April 25th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. Grupo Aeroportuario del Centro Norte had a return on equity of 29.49% and a net margin of 33.74%. The company had revenue of $107.59 million during the quarter. On average, equities research analysts predict that Grupo Aeroportuario del Centro Norte will post 3.8 EPS for the current year.

Several hedge funds have recently bought and sold shares of OMAB. BlackRock Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 10.0% during the fourth quarter. BlackRock Inc. now owns 599,845 shares of the transportation company’s stock worth $32,205,000 after purchasing an additional 54,651 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 57.2% during the first quarter. Mackenzie Financial Corp now owns 82,991 shares of the transportation company’s stock worth $4,954,000 after purchasing an additional 30,212 shares during the period. Morgan Stanley raised its position in Grupo Aeroportuario del Centro Norte by 31.4% during the third quarter. Morgan Stanley now owns 119,660 shares of the transportation company’s stock valued at $5,606,000 after acquiring an additional 28,589 shares in the last quarter. Marshall Wace LLP bought a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $1,517,000. Finally, Sei Investments Co. raised its position in Grupo Aeroportuario del Centro Norte by 15.1% during the fourth quarter. Sei Investments Co. now owns 52,939 shares of the transportation company’s stock valued at $2,842,000 after acquiring an additional 6,964 shares in the last quarter. Institutional investors and hedge funds own 8.75% of the company’s stock.

Several equities analysts have recently weighed in on OMAB shares. StockNews.com upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research report on Saturday, May 7th. UBS Group upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, January 28th. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “sell” rating in a research report on Wednesday, April 27th. Finally, Bradesco Corretora upgraded shares of Grupo Aeroportuario del Centro Norte to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, February 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.75.

About Grupo Aeroportuario del Centro Norte (Get Rating)

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.

See Also

Dividend History for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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