Equity Analysis /
Mexico

Grupo Aeroportuario Centro Norte: Flash OMA: Will propose an attractive dividend, 8.9% yield

  • Oma’s Board of Directors will propose a cash dividend of up to MXN 4.73 billion, 8.9% yield on current prices

  • The dividend represents a very attractive return for shareholders, which should be welcomed by the market

  • The group also pointed out that the pending dividend of MXN 5.13 per share will be paid on December 14

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Follow
Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Follow
Banorte
2 December 2021
Published byBanorte

Oma informed that, at the Shareholders' Meeting to be held on December 22, the Board of Directors will propose the payment of a cash dividend of up to MXN 4.37 billion, which would be equivalent to a ratio of MXN 11.20 per share and, therefore, a yield of 8.9% at current prices.

Positive implication: The dividend represents a very attractive return for shareholders, which we believe reflects the recovery in results and the solid financial situation of the company, which should be well received by the market. Meanwhile, the group pointed out that the pending dividend of MXN 5.13 per share will be paid on December 14.