Oma informed that, at the Shareholders' Meeting to be held on April 22, the Board of Directors will propose the payment of a cash dividend of MXN 2.3 billion, which would be equivalent to a ratio of MXN 5.96 per share and, therefore, a yield of 3.9% at current prices.
Positive implication: The propose dividend is above our MXN 3.90 estimate, which in our opinion reflects the significant recovery in the company’s figures, as well as the strong balance sheet. On other hand, we consider that much of the favorable group’s outlook is already incorporated into the valuation.