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 Company Profile
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.
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