America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shares Set to Pay Special Dividend of $0.29

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) announced a special dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.2886 per share by the Wireless communications provider on Wednesday, November 18th. The ex-dividend date of this dividend is Tuesday, November 10th.

America Movil has raised its dividend by an average of 0.1% per year over the last three years. America Movil has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 28.1%.

America Movil Stock Down 1.5%

Shares of AMX traded down $0.38 during mid-day trading on Friday, hitting $24.60. 458,998 shares of the company’s stock were exchanged, compared to its average volume of 2,211,239. The stock has a market cap of $73.92 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.24 and a beta of 0.59. The firm has a fifty day moving average of $22.74 and a two-hundred day moving average of $24.83. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. America Movil has a twelve month low of $19.70 and a twelve month high of $28.46.

America Movil (NYSE:AMX) last released its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 21.07%. On average, sell-side analysts forecast that America Movil will post 1.90 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Several hedge funds and other institutional investors have recently modified their holdings of AMX. Bank of America Corp DE raised its stake in America Movil by 314.2% during the 1st quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock valued at $57,901,000 after purchasing an additional 1,723,717 shares during the last quarter. Cetera Investment Advisers grew its position in America Movil by 95.5% in the 1st quarter. Cetera Investment Advisers now owns 140,574 shares of the Wireless communications provider’s stock worth $3,582,000 after purchasing an additional 68,661 shares during the last quarter. Amundi increased its holdings in shares of America Movil by 11.2% during the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock worth $60,682,000 after purchasing an additional 239,057 shares during the period. First Trust Advisors LP increased its holdings in shares of America Movil by 12.5% during the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock worth $53,489,000 after purchasing an additional 233,925 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of America Movil by 17.8% during the first quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock valued at $530,186,000 after buying an additional 3,140,360 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.