Fomento Economico Mexicano S.A.B. de C.V. (FMX) to Issue Quarterly Dividend of $1.78 on October 26th

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) announced a quarterly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be given a dividend of $1.7804 per share on Monday, October 26th. This represents a $7.12 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a 2.5% decrease from Fomento Economico Mexicano’s previous quarterly dividend of $1.8270.

Fomento Economico Mexicano has increased its dividend by an average of 0.3%annually over the last three years. Fomento Economico Mexicano has a dividend payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fomento Economico Mexicano to earn $5.40 per share next year, which means the company should continue to be able to cover its $2.43 annual dividend with an expected future payout ratio of 45.0%.

Fomento Economico Mexicano Trading Up 0.3%

NYSE FMX opened at $115.57 on Friday. The company has a market capitalization of $39.94 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.14 and a quick ratio of 0.85. Fomento Economico Mexicano has a 12 month low of $90.87 and a 12 month high of $141.47. The company’s fifty day moving average price is $120.64 and its two-hundred day moving average price is $120.51.

Fomento Economico Mexicano (NYSE:FMX) last released its earnings results on Tuesday, June 30th. The company reported $0.93 earnings per share for the quarter. The company had revenue of $13.20 billion during the quarter. Fomento Economico Mexicano had a net margin of 3.60% and a return on equity of 7.24%. As a group, research analysts predict that Fomento Economico Mexicano will post 6.35 earnings per share for the current fiscal year.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexico-based multinational company with operations in beverage production, retail, and logistics. Through Coca-Cola FEMSA, it produces, distributes, and markets Coca-Cola products and other beverages under a portfolio that includes soft drinks, bottled water, juices, and related products.

Coca-Cola FEMSA serves customers across several Latin American markets, including Mexico, Brazil, Colombia, Guatemala, Costa Rica, Panama, Nicaragua, Argentina, and Venezuela.