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

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) declared a Thrice Yearly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Performance

NASDAQ OMAB traded down $1.57 during trading on Friday, hitting $66.37. 61,927 shares of the company's stock traded hands, compared to its average volume of 59,011. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 4.01 and a beta of 1.31. Grupo Aeroportuario del Centro Norte has a 12-month low of $58.85 and a 12-month high of $90.53. The business has a 50 day moving average of $67.93 and a 200-day moving average of $71.34.

Wall Street Analysts Forecast Growth

OMAB has been the topic of a number of recent research reports. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research note on Wednesday, September 25th. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th.

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.