Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Declares Quarterly Dividend of $0.20

Key Points

• Vesta declared a quarterly dividend of $0.1999 per share, payable October 22 to shareholders of record on October 14. The dividend implies an annualized payout of about $0.80 and a 2.5% yield.
• The dividend appears well covered, with a current payout ratio of 38.2%; analysts expect next year’s earnings to support an estimated 39.1% payout ratio.
• VTMX shares recently traded at $32.39, while the company reported quarterly EPS of $1.09 on $78.5 million in revenue. Vesta operates industrial real estate properties serving manufacturing, logistics and distribution businesses in Mexico.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) declared a quarterly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be paid a dividend of $0.1999 per share on Thursday, October 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 14th.

Corporacion Inmobiliaria Vesta has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Corporacion Inmobiliaria Vesta to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 39.1%.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX stock traded up $0.21 during trading on Friday, reaching $32.39. The company had a trading volume of 1,263 shares, compared to its average volume of 82,756. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.32 and a beta of 0.66. Corporacion Inmobiliaria Vesta has a twelve month low of $25.59 and a twelve month high of $37.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The firm has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $34.22.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The business had revenue of $78.50 million during the quarter. As a group, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico's manufacturing and nearshoring sectors.

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