Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) to Issue Quarterly Dividend of $0.32

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) announced a quarterly dividend on Friday, March 7th, 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% per year over the last three years. Betterware de México, S.A.P.I. de C.V. has a payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Research 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. Stock Performance

Shares of Betterware de México, S.A.P.I. de C.V. stock traded down $0.06 during trading on Friday, hitting $11.07. 16,547 shares of the company’s stock traded hands, compared to its average volume of 21,842. Betterware de México, S.A.P.I. de C.V. has a 1 year low of $10.05 and a 1 year high of $21.28. The business has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $12.17. The stock has a market capitalization of $413.10 million, a P/E ratio of 7.91 and a beta of 1.33. The company has a debt-to-equity ratio of 3.85, a current ratio of 1.07 and a quick ratio of 0.50.

Betterware de México, S.A.P.I. de C.V. Company Profile

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.