Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Announces Special Dividend
December 23, 2021 at 11:04 am
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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. announced that its Extraordinary and Ordinary Shareholders Meeting approved the payment of a cash dividend of up to MXN 4,370 million, or MXN 11.20 per share. Company believes that the special dividend will allow the Company to reduce its cost of capital, provide a more adequate return on capital, as measured by net income divided by shareholders equity, achieve a more efficient capital structure, and continue to provide adequate returns to shareholders. Additionally, the special dividend is not related to the dividend that may be proposed at the next annual shareholders meeting to be held in April 2022. The declaration of the aforementioned dividend will become effective as of the date the Board makes its determination.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company's segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport. The Company's airports serve the Monterrey metropolitan area; approximately three tourist destinations, such as Acapulco, Mazatlan and Zihuatanejo; over seven regional centers, such as Chihuahua, Culiacan, Durango, San Luis Potosi, Tampico, Torreon and Zacatecas, and approximately two border cities, such as Ciudad Juarez and Reynosa.