Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Raises Dividend to $1.02 Per Share

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) announced a dividend on Tuesday, July 2nd, NASDAQ reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 1.0206 per share on Monday, July 29th. The ex-dividend date of this dividend is Wednesday, July 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74.

Fomento Económico Mexicano has raised its dividend by an average of 12.8% annually over the last three years. Fomento Económico Mexicano has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fomento Económico Mexicano to earn $5.96 per share next year, which means the company should continue to be able to cover its $1.13 annual dividend with an expected future payout ratio of 19.0%.

Fomento Económico Mexicano Trading Down 1.9 %

Shares of NYSE FMX traded down $2.01 on Thursday, hitting $105.50. The company had a trading volume of 520,255 shares, compared to its average volume of 559,927. Fomento Económico Mexicano has a 12-month low of $99.24 and a 12-month high of $143.43. The business has a 50 day moving average of $113.82 and a two-hundred day moving average of $123.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.63.

Fomento Económico Mexicano (NYSE:FMX) last issued its earnings results on Friday, April 26th. The company reported $0.47 earnings per share for the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. The company had revenue of $10.76 billion during the quarter. As a group, research analysts predict that Fomento Económico Mexicano will post 5.39 EPS for the current fiscal year.

Fomento Económico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.