Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock to Pay Quarterly Dividend of $1.08

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.0838 per share on Friday, October 23rd. This represents a $4.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 9th. This is a 3.6% decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248.

Coca Cola Femsa has raised its dividend by an average of 0.1%per year over the last three years. Coca Cola Femsa has a dividend payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa to earn $7.72 per share next year, which means the company should continue to be able to cover its $3.93 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded down $0.85 during trading on Wednesday, reaching $107.64. The stock had a trading volume of 27,250 shares, compared to its average volume of 162,019. The stock has a fifty day simple moving average of $110.21 and a two-hundred day simple moving average of $105.91. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $117.09. The firm has a market capitalization of $180.91 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.48 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The firm had revenue of $4.36 billion for the quarter. As a group, analysts anticipate that Coca Cola Femsa will post 6.98 earnings per share for the current fiscal year.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.