Grupo Banorte O Dividend yield

Grupo Banorte O is part of Banks business, which is part of Financials industry. Grupo Banorte O is a company from Mexico, and his stocks are publicly traded.

Grupo Banorte O stock dividend

Grupo Banorte O paid a total dividend of 22,697 million MXN last year, for a market value of 416,507 millions (Market Cap 416,429 millions). Grupo Banorte O dividend per share is 7.87 MXN, and his stock market price 144.42 MXN.

According to the chart below, where dividend yield is displayed, Grupo Banorte O has a dividend yield of 5.45%, which is higher than the amount offered by both the market average and companies from Mexico. It is also bigger than average of Financials 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 Banorte O stocks dividend with other Banks companies or other of the high Mexico dividend stocks list.

Grupo Banorte O Dividend Payout

About the ability of Grupo Banorte O to maintain his current dividend of MXN 7.87 per share, an amount that accounts for 5.45%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grupo Banorte O payout on ernings is currently 49.03%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Grupo Banorte O 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 Banorte O is MXN 0.00 per share, which is lower than the dividend per share paid by the company of MXN 7.87, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Grupo Banorte O, compared againt world market average, Mexico companies, Financials industry and Banks sector companies.

Grupo Banorte O Dividend History

Below you will find a table with the historical evolution of Grupo Banorte O'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	5.45%	7.87	49.03%	2,884
2022	4.15%	5.81	47.74%	2,884
2021	1.99%	2.65	25.09%	2,884
2020	0.00%	0.00	0.00%	2,884
2019	5.25%	5.55	49.91%	2,884
2018	3.60%	3.45	41.77%	2,884
2017	6.46%	6.97	100.14%	2,774
2016	2.92%	2.88	46.75%	2,774
2015	1.12%	1.00	18.21%	2,774

*In millions

Then you can see the evolution of Grupo Banorte O dividend stock, and compare it with the average of Mexico stocks and that of the Banks stocks.

Grupo Banorte O Stock performance

Finally, last moth Grupo Banorte O showed a return of -9.00% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 21.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Mexico and Banks firms.