Fomento Económico Mexicano, S.A.B. de C.V. Plans Annual Dividend of $0.86 (NYSE:FMX)

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) declared an annual dividend on Wednesday, October 2nd, Zacks reports. Shareholders of record on Wednesday, October 16th will be given a dividend of 0.864 per share on Monday, October 28th. This represents a yield of 0.87%. The ex-dividend date is Wednesday, October 16th.

Fomento Económico Mexicano has raised its dividend payment by an average of 12.8% per year over the last three years. Fomento Económico Mexicano has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Fomento Económico Mexicano to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 18.5%.

Fomento Económico Mexicano Stock Performance

Shares of Fomento Económico Mexicano stock traded up $0.78 during trading hours on Friday, reaching $99.67. The company's stock had a trading volume of 602,712 shares, compared to its average volume of 689,618. The company's 50 day simple moving average is $105.18 and its 200 day simple moving average is $113.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. Fomento Económico Mexicano has a one year low of $97.58 and a one year high of $143.43. The stock has a market cap of $35.66 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. The company had revenue of $11.54 billion for the quarter. As a group, analysts expect that Fomento Económico Mexicano will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FMX has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd. Barclays cut their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Monday, September 23rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $133.40.

Fomento Económico Mexicano Company Profile

Fomento Económico Mexicano, SAB. 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.