America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) to Issue Special Dividend of $0.28

Key Points

• America Movil declared a special dividend of $0.28, with shareholders of record set to receive payment on November 17th, following the ex-dividend date on November 7th.
• The company currently has a dividend payout ratio of 13.9%, indicating it can sufficiently cover its dividend payments with expected earnings growth.
• Shares of America Movil opened at $20.88, with a market cap of $63.04 billion and a recent quarterly earnings report showing EPS of $0.38, missing the consensus estimate.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) declared a special dividend on Tuesday, October 14th. Shareholders of record on Friday, November 7th will be paid a dividend of 0.2811 per share by the Wireless communications provider on Monday, November 17th. The ex-dividend date of this dividend is Friday, November 7th.

America Movil has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect America Movil to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 14.0%.

America Movil Stock Performance

Shares of NYSE AMX opened at $20.88 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The business's 50 day moving average is $20.08 and its two-hundred day moving average is $17.99. The company has a market cap of $63.04 billion, a P/E ratio of 22.21 and a beta of 0.88. America Movil has a 12 month low of $13.10 and a 12 month high of $21.68.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. On average, equities analysts expect that America Movil will post 1.51 EPS for the current year.

America Movil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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