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

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) announced a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.3212 per share on Tuesday, March 25th. This represents a $1.28 annualized dividend and a dividend yield of 11.45%. 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 65.3% meaning its dividend is sufficiently covered by earnings. 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 $1.28 annual dividend with an expected future payout ratio of 76.6%.

Betterware de México, S.A.P.I. de C.V. Trading Up 1.3 %

Shares of NASDAQ BWMX opened at $11.23 on Friday. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.50 and a current ratio of 1.07. The business’s 50 day moving average price is $11.30 and its 200-day moving average price is $12.04. Betterware de México, S.A.P.I. de C.V. has a fifty-two week low of $10.05 and a fifty-two week high of $21.28. The company has a market cap of $418.88 million, a price-to-earnings ratio of 8.02 and a beta of 1.33.

About Betterware de México, S.A.P.I. de C.V.

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.