America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shares Will Pay Special Dividend of $0.29

Key Points

• América Móvil declared a special dividend of $0.2886 per ADR share. Investors of record on November 10 will receive payment on November 18; the ex-dividend date is also November 10.
• The company’s dividend appears well covered, with a 34.1% payout ratio and analysts expecting a 28.1% future payout ratio based on projected earnings.
• AMX shares fell 1.5% to $24.60 in Friday midday trading. The company reported quarterly EPS of $0.46 on $13.78 billion in revenue, while analysts expect $1.90 in EPS for the current fiscal year.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) announced a special dividend on Thursday, October 22nd. Investors of record on Tuesday, November 10th will be paid a dividend of $0.2886 per share by the Wireless communications provider on Wednesday, November 18th. The ex-dividend date is Tuesday, November 10th.

America Movil has increased its dividend by an average of 0.1% annually over the last three years. America Movil has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 28.1%.

America Movil Trading Down 1.5%

America Movil stock traded down $0.38 during midday trading on Friday, reaching $24.60. The stock had a trading volume of 458,998 shares, compared to its average volume of 2,211,239. America Movil has a twelve month low of $19.70 and a twelve month high of $28.46. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. The firm has a market cap of $73.92 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.24 and a beta of 0.59. The firm's fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $24.83.

America Movil (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $13.78 billion for the quarter. America Movil had a net margin of 9.38% and a return on equity of 21.07%. Equities analysts anticipate that America Movil will post 1.90 EPS for the current fiscal year.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.

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