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

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) announced a quarterly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be given a dividend of $0.1999 per share on Thursday, October 22nd. This represents a $0.80 annualized dividend and a 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 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 Up 1.5%

NYSE:VTMX traded up $0.47 on Friday, reaching $32.41. The stock had a trading volume of 1,837 shares, compared to its average volume of 82,325. The company has a 50-day moving average of $33.94 and a 200 day moving average of $34.22. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.74 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 3.32 and a beta of 0.66. Corporacion Inmobiliaria Vesta has a 12-month low of $25.59 and a 12-month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. The firm had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. On average, research analysts predict that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current year.

About Corporacion Inmobiliaria Vesta

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.