Gruma, S.A.B. de C.V., together with its subsidiaries, produces and sells corn flour, tortillas, and other related products. The company offers corn flour, grits snacks and/or cereal, beer grits, and polenta; prepared corn or wheat flours for pancakes, cakes, crêpes, brownies, churros, pizza dough, cachapas, sweet arepitas, etc.; corn and wheat tortillas; tortilla chips, taco shells, and tostadas; flatbreads, including wraps, pita bread, naan, chapatti, pizza doughs, piadina, breakfast breads, and crackers; sauces/dips; palmito; pasta; marinades; and rice and oats. It markets and sells its products under the Maseca, Mission, Guerrero, Tosty, TortiRicas, Rumba, La Cima, Masa Rica, Del Fogón, Delicados, Arroz Luisiana, Tortimasa, Juana, Minsa, Mimasa, Bravos, Tronaditas, and Mexifoods brand names. The company also designs, manufactures, and commercializes machines for production of corn and wheat flour tortillas, and tortilla chips under the TORTEC and RODOTEC names; and designs and manufactures equipment for corn masa flour, such as corn milling machinery, as well as provides engineering, design, and construction services. It provides its products to retail customers, including supermarkets, mass merchandisers, membership stores, and independent stores; food service customers comprising chain restaurants, food service distributors, schools, hospitals, and military; and tortilla manufacturers and corn chip producers. The company distributes its products primarily through independent distributors and wholesalers. It has operations in Mexico, the United States, Central America, Europe, Asia, and Oceania. Gruma, S.A.B. de C.V. was founded in 1949 and is headquartered in San Pedro Garza García, Mexico.
Gruma Dividend Announcement
• Gruma announced a quarterly dividend of Mex$5.04 per ordinary share which will be made payable on . Ex dividend date: 2024-07-11
• Gruma annual dividend for 2024 was Mex$5.04
• Gruma annual dividend for 2023 was Mex$5.48
• Gruma's trailing twelve-month (TTM) dividend yield is 1.46%
• Gruma's payout ratio for the trailing twelve months (TTM) is 22.08%
• Gruma's dividend growth over the last five years (2018-2023) was 5.09% year
Gruma Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-11 | Mex$5.04 | quarterly | |
2023-12-27 | Mex$0.08 | quarterly | |
2023-07-05 | Mex$5.40 | quarterly | |
2022-07-06 | Mex$5.40 | quarterly | |
2022-04-06 | Mex$1.30 | quarterly | |
2022-01-05 | Mex$1.30 | quarterly | |
2021-10-06 | Mex$1.30 | quarterly | |
2021-04-07 | Mex$1.41 | quarterly | |
2021-01-06 | Mex$1.41 | quarterly | |
2020-10-07 | Mex$1.41 | quarterly | |
2020-07-08 | Mex$1.41 | quarterly | |
2020-04-07 | Mex$1.16 | quarterly | |
2020-01-08 | Mex$1.16 | quarterly | |
2019-10-09 | Mex$1.16 | quarterly | |
2019-07-10 | Mex$1.16 | quarterly | |
2019-04-12 | Mex$1.07 | quarterly | |
2019-01-11 | Mex$1.07 | quarterly | |
2018-10-12 | Mex$1.07 | quarterly | |
2018-07-13 | Mex$1.07 | quarterly | |
2018-04-13 | Mex$1.07 | quarterly | |
2018-01-12 | Mex$1.07 | quarterly | |
2017-10-13 | Mex$1.07 | quarterly | |
2017-07-13 | Mex$1.07 | quarterly | |
2017-04-04 | Mex$0.50 | quarterly | |
2017-01-05 | Mex$0.50 | quarterly | |
2016-10-04 | Mex$0.50 | quarterly | |
2016-07-05 | Mex$0.50 | quarterly | |
2015-07-03 | Mex$1.60 | quarterly | |
2014-11-12 | Mex$1.50 | quarterly | |
2007-05-15 | Mex$0.85 | quarterly |
Gruma Dividend per year
Gruma Dividend growth
Gruma Dividend Yield
Gruma current trailing twelve-month (TTM) dividend yield is 1.46%. Interested in purchasing Gruma stock? Use our calculator to estimate your expected dividend yield:
Gruma Financial Ratios
Gruma Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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