America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shareholders Set to Receive $0.29 Special Dividend

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) declared a special dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.2886 per share by the Wireless communications provider on Wednesday, November 18th. The ex-dividend date of this dividend is Tuesday, November 10th.

America Movil has increased its dividend payment by an average of 0.1% per year over the last three years. America Movil has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 28.1%.

America Movil Price Performance

Shares of AMX stock traded down $0.40 during mid-day trading on Friday, hitting $24.59. 552,743 shares of the stock traded hands, compared to its average volume of 2,212,349. America Movil has a twelve month low of $19.70 and a twelve month high of $28.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71. The company’s 50-day simple moving average is $22.74 and its 200-day simple moving average is $24.83. The firm has a market cap of $73.88 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. America Movil had a return on equity of 21.07% and a net margin of 9.38%. The business had revenue of $13.78 billion during the quarter. As a group, equities research analysts expect that America Movil will post 1.90 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMX. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. UBS Group reduced their price objective on shares of America Movil from $32.50 to $31.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Finally, Santander upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, America Movil presently has an average rating of “Moderate Buy” and an average target price of $29.43.

America Movil Company Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.