Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) to Issue Thrice Yearly Dividend of $1.92 on November 27th

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. Investors 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 of this dividend is Tuesday, November 19th.

Grupo Aeroportuario del Centro Norte has a dividend 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. Equities 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 Down 4.2 %

Shares of OMAB stock opened at $63.09 on Friday. The company’s fifty day simple moving average is $68.08 and its two-hundred day simple moving average is $70.60. Grupo Aeroportuario del Centro Norte has a 52 week low of $59.08 and a 52 week high of $90.53. The stock has a market cap of $2.68 billion, a P/E ratio of 11.13, a PEG ratio of 3.82 and a beta of 1.31. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.

Analysts Set New Price Targets

OMAB has been the topic of a number of research analyst reports. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. Bank of America cut Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective on the stock. in a report on Friday. Finally, Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and an average price target of $80.83.

About Grupo Aeroportuario del Centro Norte

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.