Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Stock to Pay Quarterly Dividend of $0.20

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) declared a quarterly dividend on Thursday, October 1st. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.1999 per share on Thursday, October 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 14th.

Corporacion Inmobiliaria Vesta has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Corporacion Inmobiliaria Vesta to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 39.1%.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.21 during trading hours on Friday, reaching $32.39. 1,263 shares of the company’s stock were exchanged, compared to its average volume of 82,756. The business has a fifty day moving average of $33.94 and a two-hundred day moving average of $34.22. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.74 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 3.32 and a beta of 0.66. Corporacion Inmobiliaria Vesta has a 1 year low of $25.59 and a 1 year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The company had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. As a group, research analysts predict that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico’s manufacturing and nearshoring sectors.