Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Declares Dividend Increase – $1.12 Per Share

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Monday, July 13th will be given a dividend of 1.1248 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, July 13th. This is a 3.4% increase from Coca Cola Femsa’s previous quarterly dividend of $1.09.

Coca Cola Femsa has raised its dividend payment by an average of 0.1%annually over the last three years. Coca Cola Femsa has a dividend payout ratio of 53.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Coca Cola Femsa to earn $7.76 per share next year, which means the company should continue to be able to cover its $3.95 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Up 1.8%

Shares of NYSE:KOF traded up $1.98 on Thursday, reaching $109.43. The company had a trading volume of 130,365 shares, compared to its average volume of 179,400. The stock has a market capitalization of $183.92 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.29 and a beta of 0.53. The stock has a 50-day moving average price of $105.05 and a 200 day moving average price of $102.02. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. On average, equities analysts expect that Coca Cola Femsa will post 6.8 EPS for the current year.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.