Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Increases Dividend to $1.00 Per Share

Key Points

• Coca Cola Femsa has increased its quarterly dividend from $0.87 to $1.00 per share, marking a 14.5% rise and resulting in an annual yield of 4.9%.
• The company maintains a solid dividend payout ratio of 12.7%, indicating strong earnings coverage for the upcoming $0.94 annual dividend.
• Coca Cola Femsa's recent earnings report showed $1.30 EPS, falling short of expectations by $0.22, with a revenue of $3.74 billion for the quarter.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) announced a quarterly dividend on Friday, October 3rd. Investors of record on Tuesday, October 14th will be given a dividend of 1.0006 per share on Monday, October 27th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, October 14th. This is a 14.5% increase from Coca Cola Femsa's previous quarterly dividend of $0.87.

Coca Cola Femsa has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. 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 $0.94 annual dividend with an expected future payout ratio of 13.7%.

Coca Cola Femsa Trading Down 0.8%

Shares of Coca Cola Femsa stock opened at $82.41 on Friday. Coca Cola Femsa has a 1 year low of $72.68 and a 1 year high of $101.74. The firm has a market cap of $138.50 billion, a PE ratio of 14.43, a P/E/G ratio of 1.05 and a beta of 0.62. The stock has a fifty day moving average price of $84.28 and a 200-day moving average price of $90.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. Equities research analysts anticipate 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.

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