América Móvil, S.A.B. de C.V. (NYSE:AMX) Declares Semi-annual Dividend of $0.24

América Móvil, S.A.B. de C.V. (NYSE:AMX) declared a semi-annual dividend on Tuesday, October 15th, NASDAQ reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.245 per share by the Wireless communications provider on Monday, November 18th. This represents a yield of 2%. The ex-dividend date is Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18.

América Móvil has decreased its dividend payment by an average of 10.3% annually over the last three years. América Móvil has a payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect América Móvil to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 13.0%.

América Móvil Stock Performance

Shares of América Móvil stock opened at $15.85 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a market cap of $48.88 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.95. The company has a 50 day moving average of $16.37 and a 200-day moving average of $17.35. América Móvil has a 1-year low of $15.55 and a 1-year high of $20.31.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMX shares. UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. StockNews.com initiated coverage on América Móvil in a research note on Wednesday. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group lowered their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.