Equity Analysis /

Grupo Aeroportuario Centro Norte: Flash: Dividend proposal with a 3.9% yield

  • Oma’s Board of Directors will propose a cash dividend payment of MXN 2.3 billion, 3.9% yield on current prices

  • The dividend proposal (⁓MXN 5.96 per share) is above our estimate, which reflects the company’s figures recovery

  • Although group’s outlook for the year is positive, we believe it is already incorporated into the valuation

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

5 April 2022
Published by

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.