Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Raises Dividend to $1.12 Per Share

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Monday, July 13th will be given a dividend of 1.1248 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, July 13th. This is a 3.4% increase from Coca Cola Femsa’s previous quarterly dividend of $1.09.

Coca Cola Femsa has increased its dividend payment by an average of 0.1%per year over the last three years. Coca Cola Femsa has a payout ratio of 53.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Coca Cola Femsa to earn $7.76 per share next year, which means the company should continue to be able to cover its $3.95 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Up 1.7%

KOF traded up $1.79 during midday trading on Thursday, reaching $109.24. 121,579 shares of the company were exchanged, compared to its average volume of 179,241. The company has a market cap of $183.60 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.53. The company’s fifty day moving average price is $105.05 and its 200 day moving average price is $102.02. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. As a group, analysts expect that Coca Cola Femsa will post 6.8 EPS for the current year.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.