Betterware de México, S.A.P.I. de C.V. (BWMX) to Issue Quarterly Dividend of $0.35 on May 23rd

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.352 per share on Thursday, May 23rd. This represents a $1.41 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Tuesday, May 14th.

Betterware de México, S.A.P.I. de C.V. has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Betterware de México, S.A.P.I. de C.V. has a payout ratio of 66.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Betterware de México, S.A.P.I. de C.V. to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 71.2%.

Betterware de México, S.A.P.I. de C.V. Stock Up 0.7 %

Shares of Betterware de México, S.A.P.I. de C.V. stock traded up $0.11 during trading on Thursday, hitting $17.00. 16,024 shares of the company’s stock were exchanged, compared to its average volume of 46,654. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 3.17. The business has a 50-day simple moving average of $18.56 and a 200-day simple moving average of $15.45. Betterware de México, S.A.P.I. de C.V. has a 52-week low of $9.77 and a 52-week high of $21.28.

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) last issued its earnings results on Thursday, February 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.34. Betterware de México, S.A.P.I. de C.V. had a net margin of 8.64% and a return on equity of 83.58%. The firm had revenue of $194.06 million during the quarter, compared to analysts’ expectations of $174.51 million. As a group, equities research analysts forecast that Betterware de México, S.A.P.I. de C.V. will post 1.96 earnings per share for the current year.

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 company. It operates through two segments, The Home Organization Products (Betterware or BWM); and The Beauty and Personal Care Products (JAFRA). The Betterware or BWM segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; and technology and mobility.