Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Announces Quarterly Dividend of $2.05

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) declared a quarterly dividend on Tuesday, January 6th. Stockholders of record on Friday, January 16th will be given a dividend of 2.0531 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, January 16th. This is a 2.7% increase from Fomento Economico Mexicano’s previous quarterly dividend of $2.00.

Fomento Economico Mexicano has increased its dividend by an average of 0.1%annually over the last three years. Fomento Economico Mexicano has a payout ratio of 42.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fomento Economico Mexicano to earn $5.32 per share next year, which means the company should continue to be able to cover its $2.23 annual dividend with an expected future payout ratio of 41.9%.

Fomento Economico Mexicano Trading Down 0.2%

FMX stock traded down $0.22 during trading on Wednesday, hitting $100.63. 324,607 shares of the company traded hands, compared to its average volume of 383,402. The company has a 50-day moving average of $98.39 and a 200-day moving average of $95.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. Fomento Economico Mexicano has a 1 year low of $81.93 and a 1 year high of $108.74. The firm has a market capitalization of $36.01 billion, a PE ratio of 40.58, a P/E/G ratio of 3.99 and a beta of 0.46.

Fomento Economico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $215.60 billion. Fomento Economico Mexicano had a return on equity of 5.01% and a net margin of 2.09%. Analysts predict that Fomento Economico Mexicano will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.