Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Announces Dividend Increase – $0.32 Per Share

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) declared a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.3212 per share on Tuesday, March 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date is Tuesday, March 18th. This is a 5.6% increase from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.30.

Betterware de México, S.A.P.I. de C.V. has decreased its dividend payment by an average of 7.4% annually over the last three years. Betterware de México, S.A.P.I. de C.V. has a dividend payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Betterware de México, S.A.P.I. de C.V. to earn $1.67 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 80.8%.

Betterware de México, S.A.P.I. de C.V. Trading Down 0.5 %

Shares of BWMX stock traded down $0.06 on Friday, reaching $11.07. 16,547 shares of the company’s stock were exchanged, compared to its average volume of 21,842. The company’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $12.17. Betterware de México, S.A.P.I. de C.V. has a 52 week low of $10.05 and a 52 week high of $21.28. The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85. The stock has a market capitalization of $413.10 million, a PE ratio of 7.91 and a beta of 1.33.

About Betterware de México, S.A.P.I. de C.V.

Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility.