Betterware de México, S.A.P.I. de C.V. (BWMX) to Issue Quarterly Dividend of $0.27 on November 24th

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) declared a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Investors of record on Monday, November 20th will be paid a dividend of 0.2674 per share on Friday, November 24th. This represents a $1.07 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Friday, November 17th.

Betterware de México, S.A.P.I. de C.V. has a payout ratio of 66.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Betterware de México, S.A.P.I. de C.V. to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 78.8%.

Betterware de México, S.A.P.I. de C.V. Stock Performance

Betterware de México, S.A.P.I. de C.V. stock opened at $13.23 on Wednesday. Betterware de México, S.A.P.I. de C.V. has a fifty-two week low of $6.26 and a fifty-two week high of $18.44. The firm’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $14.24. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.07 and a quick ratio of 0.54. The company has a market cap of $493.74 million, a P/E ratio of 10.42 and a beta of 1.19.

Institutional Trading of Betterware de México, S.A.P.I. de C.V.

Hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Betterware de México, S.A.P.I. de C.V. by 8.3% during the 1st quarter. State Street Corp now owns 65,740 shares of the company’s stock worth $782,000 after acquiring an additional 5,047 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Betterware de México, S.A.P.I. de C.V. by 216.5% in the second quarter. Goldman Sachs Group Inc. now owns 79,655 shares of the company’s stock worth $688,000 after purchasing an additional 54,484 shares in the last quarter. Prelude Capital Management LLC boosted its holdings in shares of Betterware de México, S.A.P.I. de C.V. by 81.5% during the first quarter. Prelude Capital Management LLC now owns 37,412 shares of the company’s stock worth $637,000 after purchasing an additional 16,801 shares during the period. Sagil Capital LLP grew its position in Betterware de México, S.A.P.I. de C.V. by 88.6% during the second quarter. Sagil Capital LLP now owns 38,486 shares of the company’s stock valued at $498,000 after purchasing an additional 18,083 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. in the 2nd quarter valued at approximately $448,000. Hedge funds and other institutional investors own 12.05% of the company’s stock.

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 company. It operates through two segments, The Home Organization Products (Betterware or BWM); and The Beauty and Personal Care Products (JAFRA). The Betterware or BWM segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; and technology and mobility.