Betterware de Mexico SAPI de C (NYSE:BWMX) Declares Dividend Increase - $0.34 Per Share

Key Points

• Betterware de México raised its quarterly dividend 5.3% to $0.3424 per share, payable November 19 to shareholders of record November 5. The annualized dividend is $1.37, representing a 7.8% yield.
• BWMX shares opened at $17.45, within a 52-week range of $13.41 to $19.79, with a market capitalization of approximately $689 million.
• The company reported quarterly revenue of $267.27 million but missed earnings estimates, posting $0.55 per share versus the $0.72 consensus. Analysts expect full-year earnings of about $2.35 per share.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) declared a quarterly dividend on Friday, October 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.3424 per share on Thursday, November 19th. This represents a $1.37 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, November 5th. This is a 5.3% increase from Betterware de Mexico SAPI de C's previous quarterly dividend of $0.3252.

Betterware de Mexico SAPI de C Price Performance

Shares of NYSE:BWMX opened at $17.45 on Tuesday. Betterware de Mexico SAPI de C has a one year low of $13.41 and a one year high of $19.79. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.99 and a quick ratio of 0.47. The company has a market cap of $689.30 million, a price-to-earnings ratio of 8.95 and a beta of 0.99. The firm has a 50 day simple moving average of $16.25 and a 200 day simple moving average of $17.23.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.17). The company had revenue of $267.27 million for the quarter. Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. Research analysts predict that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.