Betterware de Mexico SAPI de C (NYSE:BWMX) to Issue Dividend Increase – $0.34 Per Share

Betterware de Mexico SAPI de C (NYSE:BWMX) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.3424 per share on Thursday, November 19th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 5.3% increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252.

Betterware de Mexico SAPI de C Stock Up 3.8%

Shares of NYSE BWMX opened at $17.45 on Tuesday. The company’s 50 day moving average price is $16.25 and its 200-day moving average price is $17.23. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.47 and a current ratio of 0.99. Betterware de Mexico SAPI de C has a 52-week low of $13.41 and a 52-week high of $19.79. The company has a market capitalization of $689.30 million, a P/E ratio of 8.95 and a beta of 0.99.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.17). Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. The firm had revenue of $267.27 million for the quarter. Equities analysts forecast that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BWMX shares. Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Zacks Research lowered Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 28th. Finally, Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Betterware de Mexico SAPI de C presently has an average rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.