Equity Analysis /

ASUR: Flash: Dividend proposal with a 3.8% yield

  • Asur will propose dividends in cash, ordinary and extraordinary, for a total of MXN 15.03 per share (yield 3.8%)

  • The dividend proposal is above our expectation, and we consider this reflects the good results performance

  • Despite the challenges in the environment, we remain positive about the group’s outlook

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

11 March 2022
Published byBanorte

Asur announced that, at the Ordinary Shareholders' meeting to be held on April 20, the company will propose an ordinary cash dividend of MXN 9.03 per share and an extraordinary one of MXN 6.00 per share, representing a total return (MXN 15.03 of both) of 3.8% at current prices, without mentioning possible payment dates.

Positive implication: Asur's shareholder dividend proposal is above our expectation (MXN 8.70e), and we consider this reflects the good results performance, derived from a solid recovery, in addition to its healthy financial balance sheet. Although, we will keep tracking current challenges, we remain positive regarding passenger demand evolution, which accelerated in February, therefore we believe that the group’s outlook remains favorable.