Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
Fomento Económico Mexicano Dividend Announcement
• Fomento Económico Mexicano announced a quarterly dividend of $0.96 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-10-16
• Fomento Económico Mexicano annual dividend for 2024 was $3.11
• Fomento Económico Mexicano annual dividend for 2023 was $2.08
• Fomento Económico Mexicano's trailing twelve-month (TTM) dividend yield is 0.2%
• Fomento Económico Mexicano's payout ratio for the trailing twelve months (TTM) is 64.44%
• Fomento Económico Mexicano's dividend growth over the last five years (2018-2023) was 6.93% year
Fomento Económico Mexicano Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-16 | $0.96 | quarterly | 2024-10-28 |
2024-07-17 | $1.02 | quarterly | 2024-07-29 |
2024-04-16 | $1.13 | quarterly | 2024-04-29 |
2023-11-03 | $1.07 | quarterly | 2023-11-17 |
2023-05-04 | $1.01 | quarterly | 2023-05-18 |
2022-11-03 | $0.83 | quarterly | 2022-11-17 |
2022-05-03 | $0.82 | quarterly | 2022-05-16 |
2021-11-03 | $0.55 | quarterly | 2021-11-15 |
2021-05-04 | $0.58 | quarterly | 2021-05-17 |
2020-11-03 | $0.73 | quarterly | 2020-11-16 |
2020-08-18 | $0.68 | quarterly | 2020-08-31 |
2019-11-01 | $0.76 | quarterly | 2019-11-18 |
2019-05-03 | $0.77 | quarterly | 2019-05-17 |
2018-11-02 | $0.73 | quarterly | 2018-11-16 |
2018-05-02 | $0.76 | quarterly | 2018-05-14 |
2017-11-03 | $0.68 | quarterly | 2017-11-13 |
2017-05-02 | $0.69 | quarterly | 2017-05-15 |
2016-10-28 | $0.68 | quarterly | 2016-11-14 |
2016-05-02 | $0.72 | quarterly | 2016-05-16 |
2015-11-02 | $0.67 | quarterly | 2015-11-16 |
2015-05-04 | $0.74 | quarterly | 2015-05-18 |
2013-12-13 | $1.54 | quarterly | 2013-12-30 |
2013-11-04 | $0.78 | quarterly | 2013-11-18 |
2013-05-02 | $0.82 | quarterly | 2013-05-17 |
2012-11-01 | $0.70 | quarterly | 2012-11-16 |
2012-04-30 | $0.70 | quarterly | 2012-05-14 |
Fomento Económico Mexicano Dividend per year
Fomento Económico Mexicano Dividend growth
Fomento Económico Mexicano Dividend Yield
Fomento Económico Mexicano current trailing twelve-month (TTM) dividend yield is 0.2%. Interested in purchasing Fomento Económico Mexicano stock? Use our calculator to estimate your expected dividend yield:
Fomento Económico Mexicano Financial Ratios
Fomento Económico Mexicano Dividend FAQ
Other factors to consider when evaluating Fomento Económico Mexicano as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Fomento Económico Mexicano's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Fomento Económico Mexicano publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Fomento Económico Mexicano distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Fomento Económico Mexicano are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Fomento Económico Mexicano sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Fomento Económico Mexicano distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fomento Económico Mexicano declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Fomento Económico Mexicano's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Fomento Económico Mexicano's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.