Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX – Get Free Report) announced a quarterly dividend on Tuesday, April 7th. Stockholders of record on Wednesday, April 22nd will be given a dividend of 0.6658 per share on Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd.
Fomento Economico Mexicano has increased its dividend payment by an average of 0.3%annually over the last three years. Fomento Economico Mexicano has a payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Equities 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 $2.33 annual dividend with an expected future payout ratio of 43.8%.
Fomento Economico Mexicano Price Performance
FMX opened at $117.72 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.35. Fomento Economico Mexicano has a 1-year low of $83.08 and a 1-year high of $119.21. The company has a 50-day moving average of $111.35 and a 200-day moving average of $103.54. The company has a market capitalization of $40.68 billion, a P/E ratio of 41.30, a PEG ratio of 0.86 and a beta of 0.40.
About Fomento Economico Mexicano
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.
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