Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Plans $0.67 Quarterly Dividend

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) declared a quarterly dividend on Tuesday, April 7th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of 0.6658 per share on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, April 22nd.

Fomento Economico Mexicano has increased its dividend by an average of 0.3%annually over the last three years. Fomento Economico Mexicano has a payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. 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 $2.27 annual dividend with an expected future payout ratio of 42.7%.

Fomento Economico Mexicano Price Performance

Shares of FMX opened at $115.64 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Fomento Economico Mexicano has a 1 year low of $83.08 and a 1 year high of $118.44. The stock has a market cap of $39.96 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.40. The stock’s 50-day moving average price is $109.99 and its two-hundred day moving average price is $102.57.

Fomento Economico Mexicano (NYSE:FMX) last issued its earnings results on Saturday, February 14th. The company reported $1.36 earnings per share (EPS) for the quarter. Fomento Economico Mexicano had a return on equity of 6.11% and a net margin of 2.29%.The firm had revenue of $12.21 billion for the quarter. On average, equities analysts predict that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

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.