Mexico City, Mexico, Monday—Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ:OMAB; BMV:OMA), a prominent Mexican airport operator, has declared a sizable dividend following its Annual General Ordinary Shareholders’ Meeting. The company confirmed a cash dividend payment of Ps.4,500 million, to be distributed in two equal installments. The first payment of Ps.2,250 million is scheduled for no later than May 31, 2025, and the second for no later than November 30, 2025.
The Shareholders’ Meeting, which took place on April 25, 2025, also saw the approval of the Annual Report for the fiscal year 2024, as prepared by the CEO. The Audited Consolidated and Non-Consolidated Financial Statements for the year ended 2024 were approved, along with the reports from the Presidents of the Audit Committee and the Corporate Practices, Finance, Planning, and Sustainability Committee.
Additionally, shareholders approved the reelection or election of Board members and its Committees. The application of the company’s results was sanctioned, as well as the establishment of a share repurchase reserve of Ps.1,500 million. This reserve will be used to repurchase Series B shares up until the next annual shareholders’ meeting, which will approve the results for 2025.
OMA operates 13 international airports across nine states in central and northern Mexico, including Monterrey, the third-largest metropolitan area in the country, and popular tourist destinations such as Acapulco, Mazatlán, and Zihuatanejo. The company also manages hotel properties within airport complexes and employs over 1,200 individuals to provide airport and commercial services. The company’s operational efficiency is reflected in its revenue growth of 4.26% and a P/E ratio of 17.24. InvestingPro analysis reveals the company’s overall financial health score is "GREAT," with particularly strong profitability metrics. For detailed insights into OMA’s performance and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
Since December 2022, OMA has been a part of VINCI Airports, the world’s leading private airport operator. The company’s performance and strategic decisions, such as dividend payments and share repurchases, are closely watched by investors for indications of its financial health and future prospects. Currently trading near its 52-week high of $92.39, OMA’s stock has shown strong momentum with a 33.95% return over the past six months. Based on InvestingPro’s Fair Value analysis, the stock appears to be approaching fair valuation levels.
This report is based on a press release statement and provides key insights from the recent developments announced by OMA.
In other recent news, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, reported a notable 11.8% increase in passenger traffic across its 13 airports in March 2025 compared to the same month last year. This follows a 9.9% surge in January and a 5.2% rise in February, indicating a positive trend in passenger numbers for the first quarter of the year. Despite these gains, Citi analysts have maintained a Sell rating on OMA’s stock, citing concerns about the company’s valuation and the potential impact of the upcoming Master Development Plan review. In the fourth quarter of 2024, OMA experienced a 4.6% increase in passenger traffic, with revenues from aeronautical and non-aeronautical sources growing by 13.6% compared to the same period in 2023. However, the company reported a 1.2% decrease in passenger traffic for the full year 2024, maintaining its Adjusted EBITDA at Ps.9,069 million. OMA also highlighted its achievement in obtaining Level 3 "Optimization" Accreditation from the Airport Carbon Accreditation Program, reflecting its commitment to sustainability. The company continues to invest in capital and major maintenance works, with Ps.951 million spent during the fourth quarter of 2024. These developments provide a snapshot of OMA’s ongoing performance and strategic initiatives in the aviation sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.