08-31-2023
| MXN/share | |
| Price | 197.36 |
| Dividend | 9.61 |
| Earnings | 10.61 |
| Cash-flow | 10.96 |
| Book value | 20.77 |
| Equity | 24.00 |
Grupo Aerop. Centro Norte is part of Industrial Transportation business, which is part of Industrials industry. Grupo Aerop. Centro Norte is a company from Mexico, and his stocks are publicly traded.
Grupo Aerop. Centro Norte stock dividend
Grupo Aerop. Centro Norte paid a total dividend of 3,306 million MXN last year, for a market value of 67,892 millions (Market Cap 54,302 millions). Grupo Aerop. Centro Norte dividend per share is 9.61 MXN, and his stock market price 197.36 MXN.
According to the chart below, where dividend yield is displayed, Grupo Aerop. Centro Norte has a dividend yield of 4.87%, which is higher than the amount offered by both the market average and companies from Mexico. It is also bigger than average of Industrials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare Grupo Aerop. Centro Norte stocks dividend with other Industrial Transportation companies or other of the high Mexico dividend stocks list.
Grupo Aerop. Centro Norte Dividend Payout
About the ability of Grupo Aerop. Centro Norte to maintain his current dividend of MXN 9.61 per share, an amount that accounts for 4.87%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grupo Aerop. Centro Norte payout on ernings is currently 90.57%, which is higher than the market average, and companies of Industrials industry, which are 39.34% and 37.26% respectively. Both figures show that Grupo Aerop. Centro Norte can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Grupo Aerop. Centro Norte is MXN 10.96 per share, which is higher than the dividend per share paid by the company of MXN 9.61, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Grupo Aerop. Centro Norte, compared againt world market average, Mexico companies, Industrials industry and Industrial Transportation sector companies.
Grupo Aeroportuario del Centro Norte Dividend History
Below you will find a table with the historical evolution of Grupo Aeroportuario del Centro Norte's dividend stock, both in percentage and in MXN, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | MXN | Paypout | Shares* |
| Present | 4.87% | 9.61 | 90.57% | 344 |
| 2022 | 14.81% | 22.23 | 281.39% | 344 |
| 2021 | 3.73% | 5.13 | 149.13% | 344 |
| 2020 | 0.00% | 0.00 | 0.00% | 344 |
| 2019 | 2.86% | 4.06 | 53.21% | 344 |
| 2018 | 4.34% | 4.06 | 70.61% | 344 |
| 2017 | 3.93% | 4.00 | 78.74% | 344 |
| 2016 | 3.61% | 3.50 | 97.49% | 335 |
*In millions
Grupo Aerop. Centro Norte Stock performance
Finally, last moth Grupo Aerop. Centro Norte showed a return of 4.50% compared to a worldwide -2.49% average, and a -2.39% of Industrials firms. Over the last year, the company obtained a 49.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Mexico and Industrial Transportation firms.
