Betterware de Mexico SAPI de C (NYSE:BWMX) Announces Dividend Increase – $0.33 Per Share

Betterware de Mexico SAPI de C (NYSE:BWMX) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 6th will be given a dividend of 0.3252 per share on Thursday, August 20th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, August 6th. This is a 6.2% increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31.

Betterware de Mexico SAPI de C Stock Performance

Shares of BWMX stock traded down $0.27 during trading on Friday, reaching $17.05. The company had a trading volume of 88,686 shares, compared to its average volume of 94,439. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.93 and a quick ratio of 0.47. The firm’s 50 day simple moving average is $17.73 and its two-hundred day simple moving average is $17.61. The company has a market capitalization of $636.12 million, a PE ratio of 10.03 and a beta of 1.03. Betterware de Mexico SAPI de C has a one year low of $9.99 and a one year high of $19.79.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.19% and a return on equity of 88.88%. Sell-side analysts forecast that Betterware de Mexico SAPI de C will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BWMX has been the topic of a number of research reports. Zacks Research lowered shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Betterware de Mexico SAPI de C currently has a consensus rating of “Hold”.

Betterware de Mexico SAPI de C Company Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.