Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
GAERFIndustrials · Stock · monthly payer
Forward Yield
4.62%
Annual Dividend
$0.68
Payout Ratio
84%
5-Yr Growth
—
Ex-Date
May 26, 2026
Frequency
Monthly
Summary
As of June 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (GAERF) yields 4.62% ($0.68 per share annually), with a blended fair-value estimate of $24.58 — +68% upside, so it screens as undervalued. Dividend safety grade: C (56/100). 2 years of dividend growth.
Is GAERF a good dividend stock?
MixedGrupo Aeroportuario del Centro Norte, S.A.B. de C.V. (GAERF) pays a monthly dividend yielding 4.62% ($0.68/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 142% total price return over 5 years
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 4.62%
- Payout Ratio
- 84%
- Annual Dividend
- $0.68
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- May 26, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.36
- Market Cap
- $5.7B
- P/E Ratio
- 18.8
- 5-Yr Total Return
- 142%
- 52-Week Range
- $10.36 – $17.82
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
GAERF Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+44%
5 Years
+142%
52-Week Range
$10.36 – $17.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GAERF worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is $24.58 per share, versus a market price of $14.65. That implies 68% of upside — a margin of safety of about 40%.
Fair Value
$24.58
Current Price
$14.65
Upside
+68%
Margin of Safety
40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.0% stage-1 growth, 2.5% terminal growth, $0.78 EPS, $0.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GAERF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 26, 2026 | — | $0.3657 | regular |
| May 26, 2026 | — | $0.3650 | regular |
| May 26, 2026 | — | $0.3650 | regular |
| May 26, 2026 | — | $0.3649 | regular |
| May 26, 2026 | — | $0.3641 | regular |
| May 26, 2026 | — | $0.3640 | regular |
| May 26, 2026 | — | $0.3637 | regular |
| May 26, 2026 | — | $0.3637 | regular |
| May 26, 2026 | — | $0.3633 | regular |
| May 26, 2026 | — | $0.3633 | regular |
| May 26, 2026 | — | $0.3628 | regular |
| May 26, 2026 | — | $0.3621 | regular |
| May 26, 2026 | — | $0.3620 | regular |
| May 26, 2026 | — | $0.3614 | regular |
Income Calculator
At $0.68 / yr per share
