Fomento Economico Mexicano S.A.B. de C.V. (FMX) to Issue Quarterly Dividend of $0.67 on May 4th

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) declared a quarterly dividend on Tuesday, April 7th. Stockholders of record on Wednesday, April 22nd will be given a dividend of 0.6658 per share on Monday, May 4th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, April 22nd.

Fomento Economico Mexicano has increased its dividend payment by an average of 0.3%per year over the last three years. Fomento Economico Mexicano has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fomento Economico Mexicano to earn $5.32 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 42.7%.

Fomento Economico Mexicano Stock Up 0.4%

Shares of FMX traded up $0.41 during trading hours on Thursday, hitting $115.98. The company had a trading volume of 33,242 shares, compared to its average volume of 410,627. The firm has a fifty day moving average price of $109.99 and a 200-day moving average price of $102.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.35. The stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 0.84 and a beta of 0.40. Fomento Economico Mexicano has a 52-week low of $83.08 and a 52-week high of $118.43.

Fomento Economico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Saturday, February 14th. The company reported $1.36 earnings per share (EPS) for the quarter. The firm had revenue of $12.21 billion during the quarter. Fomento Economico Mexicano had a return on equity of 6.11% and a net margin of 2.29%. On average, equities research analysts forecast that Fomento Economico Mexicano will post 5.32 EPS for the current fiscal year.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.