Fomento Economico Mexicano S.A.B. de C.V. (FMX) to Issue Quarterly Dividend of $1.83 on July 27th

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) announced a quarterly dividend on Thursday, July 2nd. Stockholders of record on Wednesday, July 15th will be given a dividend of 1.827 per share on Monday, July 27th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, July 15th. This is a 174.4% increase from Fomento Economico Mexicano’s previous quarterly dividend of $0.67.

Fomento Economico Mexicano has raised its dividend by an average of 0.3%annually over the last three years. Fomento Economico Mexicano has a dividend payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fomento Economico Mexicano to earn $5.41 per share next year, which means the company should continue to be able to cover its $2.39 annual dividend with an expected future payout ratio of 44.2%.

Fomento Economico Mexicano Price Performance

NYSE FMX opened at $129.24 on Friday. The company has a market capitalization of $44.66 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 0.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.87 and a current ratio of 1.16. The business’s fifty day moving average is $122.74 and its 200 day moving average is $113.23. Fomento Economico Mexicano has a fifty-two week low of $83.08 and a fifty-two week high of $131.81.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings results on Tuesday, March 31st. The company reported $2.43 earnings per share (EPS) for the quarter. Fomento Economico Mexicano had a return on equity of 7.33% and a net margin of 3.40%.The business had revenue of $11.61 billion during the quarter. Sell-side analysts predict that Fomento Economico Mexicano will post 6.19 earnings per share for the current year.

About Fomento Economico Mexicano

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.