Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Plans $1.00 Quarterly Dividend

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared a quarterly dividend on Tuesday, November 25th. Stockholders of record on Monday, December 8th will be paid a dividend of 0.9979 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, December 8th.

Coca Cola Femsa has raised its dividend payment by an average of 0.1%annually over the last three years. Coca Cola Femsa has a dividend payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 $3.59 annual dividend with an expected future payout ratio of 52.3%.

Coca Cola Femsa Stock Performance

KOF traded up $1.02 during trading on Wednesday, hitting $87.76. The stock had a trading volume of 89,426 shares, compared to its average volume of 216,835. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The company has a 50 day moving average price of $85.38 and a 200-day moving average price of $88.42. Coca Cola Femsa has a one year low of $72.68 and a one year high of $101.74. The firm has a market cap of $147.49 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.08 and a beta of 0.61.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%. As a group, research analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.