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

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) announced a Thrice Yearly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 yield of 6.5%. The ex-dividend date is Tuesday, November 19th.

Grupo Aeroportuario del Centro Norte has a payout ratio of 158.4% 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 $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 Trading Down 4.2 %

OMAB opened at $63.09 on Friday. 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’s 50 day moving average price is $68.08 and its 200-day moving average price is $70.60. Grupo Aeroportuario del Centro Norte has a one year low of $59.08 and a one year high of $90.53. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 3.82 and a beta of 1.31.

Analyst Ratings Changes

A number of analysts have weighed in on OMAB shares. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $82.00 to $77.00 in a research note on Friday, September 6th. 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 target on the stock. in a research note on Friday. Finally, Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.