Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Announces Quarterly Dividend of $1.09

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Tuesday, April 7th. Stockholders of record on Monday, April 20th will be given a dividend of 1.0873 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, April 20th. This is a 9.0% increase from Coca Cola Femsa’s previous quarterly dividend of $1.00.

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 49.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.69 annual dividend with an expected future payout ratio of 53.7%.

Coca Cola Femsa Trading Up 5.5%

Shares of NYSE:KOF traded up $5.44 during mid-day trading on Wednesday, hitting $104.31. The company had a trading volume of 230,290 shares, compared to its average volume of 210,126. The firm has a fifty day moving average price of $104.28 and a 200 day moving average price of $95.25. The company has a market capitalization of $175.31 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The company had revenue of $4.31 billion during the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. As a group, research analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current year.

About Coca Cola Femsa

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.