Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Stock to Pay Quarterly Dividend of $1.78

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX – Get Free Report) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Wednesday, October 14th will be paid a dividend of $1.7804 per share on Monday, October 26th. This represents a $7.12 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, October 14th. This is a 2.5% decrease from Fomento Economico Mexicano’s previous quarterly dividend of $1.8270.

Fomento Economico Mexicano has raised its dividend by an average of 0.3%annually over the last three years. Fomento Economico Mexicano has a dividend payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fomento Economico Mexicano to earn $5.40 per share next year, which means the company should continue to be able to cover its $2.43 annual dividend with an expected future payout ratio of 45.0%.

Fomento Economico Mexicano Stock Up 0.3%

Fomento Economico Mexicano stock traded up $0.38 during trading hours on Friday, hitting $115.57. 503,908 shares of the stock traded hands, compared to its average volume of 460,717. Fomento Economico Mexicano has a one year low of $90.87 and a one year high of $141.47. The company has a market cap of $39.94 billion, a PE ratio of 23.11, a PEG ratio of 0.63 and a beta of 0.41. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $120.86 and its two-hundred day moving average price is $120.55.

Fomento Economico Mexicano (NYSE:FMX – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.93 earnings per share for the quarter. Fomento Economico Mexicano had a return on equity of 7.24% and a net margin of 3.60%.The firm had revenue of $13.20 billion for the quarter. On average, research analysts forecast that Fomento Economico Mexicano will post 6.35 EPS for the current year.

Fomento Economico Mexicano Company Profile

(Get Free Report)

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexico-based multinational company with operations in beverage production, retail, and logistics. Through Coca-Cola FEMSA, it produces, distributes, and markets Coca-Cola products and other beverages under a portfolio that includes soft drinks, bottled water, juices, and related products.

Coca-Cola FEMSA serves customers across several Latin American markets, including Mexico, Brazil, Colombia, Guatemala, Costa Rica, Panama, Nicaragua, Argentina, and Venezuela.

Recommended Stories

Dividend History for Fomento Economico Mexicano (NYSE:FMX)

Receive News & Ratings for Fomento Economico Mexicano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano and related companies with MarketBeat.com's FREE daily email newsletter.