America Movil, S.A.B. de C.V. Unsponsored ADR Announces Special Dividend of $0.31 (NYSE:AMX)

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) declared a special dividend on Thursday, June 25th. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.3078 per share by the Wireless communications provider on Wednesday, July 22nd. The ex-dividend date is Tuesday, July 14th.

America Movil has increased its dividend payment by an average of 0.1%per year over the last three years. America Movil has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 26.2%.

America Movil Stock Up 1.2%

America Movil stock opened at $26.30 on Friday. The company has a market capitalization of $79.18 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.83 and a beta of 0.66. The firm’s fifty day simple moving average is $26.30 and its 200-day simple moving average is $24.01. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. America Movil has a 1-year low of $16.92 and a 1-year high of $28.46.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.24 billion during the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. Sell-side analysts forecast that America Movil will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On America Movil

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in America Movil during the 4th quarter valued at approximately $154,000. Royal Bank of Canada increased its position in America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after buying an additional 54,152 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after buying an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after acquiring an additional 102,545 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of America Movil by 9.5% in the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after acquiring an additional 4,373 shares during the period. 6.30% of the stock is currently owned by institutional investors.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.