Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shareholders to Get $1.08 Quarterly Dividend

Key Points

• Coca-Cola FEMSA declared a quarterly dividend of $1.0838 per share, payable October 23 to shareholders of record October 9. The annualized dividend is $4.34, representing a 4.0% yield and a 3.6% reduction from the prior quarterly payment.
• The dividend appears adequately covered, with a current payout ratio of 53.1%; analysts expect next year’s earnings to support an estimated payout ratio of 50.9%.
• KOF shares recently traded at $107.93, within a 52-week range of $80.22 to $117.09. The company reported quarterly revenue of $4.36 billion and earnings of $1.69 per share.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 9th will be given a dividend of $1.0838 per share on Friday, October 23rd. This represents a $4.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 9th. This is a 3.6% decrease from Coca Cola Femsa's previous quarterly dividend of $1.1248.

Coca Cola Femsa has increased its dividend payment by an average of 0.1%per year over the last three years. Coca Cola Femsa has a payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Coca Cola Femsa to earn $7.72 per share next year, which means the company should continue to be able to cover its $3.93 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Performance

Shares of KOF traded down $0.56 during trading hours on Wednesday, reaching $107.93. 23,732 shares of the company traded hands, compared to its average volume of 162,010. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock's fifty day moving average is $110.21 and its 200 day moving average is $105.91. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $117.09. The stock has a market cap of $181.40 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.48 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion for the quarter. Equities research analysts anticipate that Coca Cola Femsa will post 6.98 earnings per share for the current fiscal year.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. NYSE: KOF is the world's largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company's trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.

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