Betterware de Mexico, S.A.B. de C.V. (NASDAQ:BWMX) declared a quarterly dividend on Tuesday, February 23rd, Wall Street Journal reports. Investors of record on Thursday, February 25th will be given a dividend of 0.4313 per share on Thursday, March 4th. This represents a $1.73 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, February 24th. This is a positive change from Betterware de Mexico’s previous quarterly dividend of $0.39.
Shares of BWMX traded down $1.26 during trading hours on Tuesday, hitting $42.69. 245,347 shares of the stock traded hands, compared to its average volume of 73,638. The business has a fifty day moving average of $38.28 and a 200-day moving average of $27.92. Betterware de Mexico has a 1-year low of $5.67 and a 1-year high of $45.69.
BWMX has been the topic of a number of research reports. Telsey Advisory Group initiated coverage on shares of Betterware de Mexico in a research report on Tuesday, October 27th. They set an “outperform” rating on the stock. Small Cap Consu reissued a “buy” rating and set a $53.00 price target on shares of Betterware de Mexico in a research note on Friday.
Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home organization, kitchen preparation, food containers, technology and mobility, and others. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.
Further Reading: Net Income
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