Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX - Get Free Report) announced a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.3212 per share on Tuesday, March 25th. This represents a $1.28 annualized dividend and a dividend yield of 11.50%. The ex-dividend date is Tuesday, March 18th. This is a 5.6% increase from Betterware de México, S.A.P.I. de C.V.'s previous quarterly dividend of $0.30.
Betterware de México, S.A.P.I. de C.V. has decreased its dividend by an average of 7.4% per year over the last three years. Betterware de México, S.A.P.I. de C.V. has a payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Betterware de México, S.A.P.I. de C.V. to earn $1.67 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 80.8%.
Betterware de México, S.A.P.I. de C.V. Stock Down 2.3 %
NASDAQ:BWMX traded down $0.27 during mid-day trading on Tuesday, reaching $11.18. The company's stock had a trading volume of 6,997 shares, compared to its average volume of 21,430. The stock has a fifty day moving average of $11.27 and a 200-day moving average of $12.13. The company has a quick ratio of 0.50, a current ratio of 1.07 and a debt-to-equity ratio of 3.85. The firm has a market capitalization of $417.02 million, a PE ratio of 7.98 and a beta of 1.33. Betterware de México, S.A.P.I. de C.V. has a 1 year low of $10.05 and a 1 year high of $21.28.
Betterware de México, S.A.P.I. de C.V. Company Profile
(
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Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility.
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