Betterware de Mexico SAPI de C (BWMX) to Distribute Quarterly Dividend of $0.34 on November 19th

Betterware de Mexico SAPI de C (NYSE:BWMX) announced a quarterly dividend on Friday, October 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.3424 per share on Thursday, November 19th. This represents a $1.37 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Thursday, November 5th. This is a 5.3% increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252.

Betterware de Mexico SAPI de C Price Performance

Shares of BWMX opened at $17.45 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.99 and a debt-to-equity ratio of 2.51. The stock has a market cap of $689.30 million, a PE ratio of 8.95 and a beta of 0.99. Betterware de Mexico SAPI de C has a 12-month low of $13.41 and a 12-month high of $19.79. The business has a 50-day simple moving average of $16.25 and a two-hundred day simple moving average of $17.23.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). Betterware de Mexico SAPI de C had a net margin of 8.08% and a return on equity of 70.20%. The firm had revenue of $267.27 million for the quarter. Analysts anticipate that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andres Campos Chevallier acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $16.41 per share, for a total transaction of $492,300.00. Following the completion of the transaction, the chief executive officer directly owned 80,000 shares in the company, valued at $1,312,800. This represents a 60.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Santiago Campos Chevallier acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of $16.46 per share, with a total value of $246,900.00. Following the completion of the transaction, the insider owned 95,000 shares of the company’s stock, valued at $1,563,700. This trade represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 125,000 shares of company stock valued at $2,046,300.

Institutional Trading of Betterware de Mexico SAPI de C

Large investors have recently bought and sold shares of the business. Quattro Financial Advisors LLC raised its position in shares of Betterware de Mexico SAPI de C by 12.1% in the 3rd quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after acquiring an additional 11,890 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Betterware de Mexico SAPI de C by 177.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock valued at $1,224,000 after purchasing an additional 46,452 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at about $785,000. Sei Investments Co. bought a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at about $613,000. Finally, NewEdge Advisors LLC boosted its position in shares of Betterware de Mexico SAPI de C by 48.6% during the 2nd quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock valued at $356,000 after purchasing an additional 6,475 shares in the last quarter. 12.72% of the stock is currently owned by institutional investors and hedge funds.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.