GAP will distribute a Ps. 16.84 dividend per share in two installments, starting May 28, 2025.
Quiver AI Summary
Grupo Aeroportuario del Pacífico (GAP) announced a dividend payment of Ps. 16.84 per share for its shareholders, following a resolution from its Annual General Ordinary Shareholders’ Meeting held on April 24, 2025. The payment will be made in two installments, with the first installment of Ps. 8.42 scheduled for May 28, 2025. This will mark the company's 40th such payment. GAP operates 12 airports in Mexico, including major cities like Guadalajara and Tijuana, and has expanded its operations internationally by acquiring interests in airports in Jamaica. The press release also includes information about forward-looking statements and the company's whistleblower program, aimed at encouraging reporting of any suspected illegal activities or violations.
Potential Positives
- Announcement of a significant dividend payment of Ps. 16.84 per share, demonstrating strong financial performance and commitment to returning value to shareholders.
- Decision to pay the dividend in two installments, improving cash flow management for the company.
- This marks the 40th dividend payment, indicating a consistent track record of rewarding shareholders over time.
Potential Negatives
- The decision to pay the total dividend in two installments may signal cash flow constraints or a cautious financial approach, which could concern investors.
- The forward-looking statements include numerous risks and uncertainties that could materially impact the company's future performance, potentially leading to investor apprehension about the company's stability and growth prospects.
- The requirement to report suspected criminal conduct or violations through a whistleblower program may imply existing concerns regarding compliance or governance issues within the company.
FAQ
What is the dividend payment per share announced by GAP?
The total dividend payment announced is Ps. 16.84 per outstanding share.
When will GAP pay its first dividend installment?
The first installment of Ps. 8.42 per share will be paid on May 28, 2025.
How many airports does Grupo Aeroportuario del Pacífico operate?
GAP operates 12 airports across Mexico's Pacific region.
What is the significance of GAP’s dividend payment?
This dividend payment marks the company’s forty such payment since its listing.
How can concerns be reported to GAP’s whistleblower program?
Complaints can be reported anonymously via phone, WhatsApp, or the designated website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GUADALAJARA, Mexico, May 14, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that, following the resolution adopted by the Annual General Ordinary Shareholders’ Meeting held on April 24, 2025, regarding the payment of a total dividend of Ps. 16.84 (SIXTEEN PESOS 84/100 M.N.) per outstanding share, the Company decided to make the dividend payment in two installments.
The first installment will be equivalent to Ps. 8.42 (EIGHT PESOS 42/100 M.N.) per outstanding share and will be paid on May 28, 2025.
The dividend payment will correspond to the forty such payment.
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.
This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected] . GAP’s Audit Committee will be notified of all complaints for immediate investigation.
Alejandra Soto, Investor Relations and Social Responsibility Officer | [email protected] |
Gisela Murillo, Investor Relations |
[email protected]
+52 33 3880 1100 ext. 20294 |