Betterware de Mexico, S.A.B. de C.V. (NASDAQ:BWMX) to Issue Dividend Increase – $0.43 Per Share


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Betterware de Mexico, S.A.B. de C.V. (NASDAQ:BWMX) declared a quarterly dividend on Tuesday, February 23rd, Wall Street Journal reports. Shareholders of record on Thursday, February 25th will be paid a dividend of 0.4313 per share on Thursday, March 4th. This represents a $1.73 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, February 24th. This is a boost from Betterware de Mexico’s previous quarterly dividend of $0.39.

Shares of Betterware de Mexico stock traded down $1.26 on Tuesday, hitting $42.69. The company had a trading volume of 245,347 shares, compared to its average volume of 73,638. Betterware de Mexico has a 1 year low of $5.67 and a 1 year high of $45.69. The stock has a 50 day moving average of $38.28 and a 200-day moving average of $27.92.

Several analysts have recently commented on the company. Telsey Advisory Group began coverage on Betterware de Mexico in a research report on Tuesday, October 27th. They set an “outperform” rating for the company. Small Cap Consu reaffirmed a “buy” rating and set a $53.00 price target on shares of Betterware de Mexico in a research report on Friday.

Betterware de Mexico Company Profile

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home organization, kitchen preparation, food containers, technology and mobility, and others. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.

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