América Móvil, S.A.B. de C.V. (NYSE:AMX) to Issue Dividend Increase – $0.24 Per Share

América Móvil, S.A.B. de C.V. (NYSE:AMX) announced a dividend on Tuesday, October 15th, NASDAQ reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.245 per share by the Wireless communications provider on Monday, November 18th. The ex-dividend date is Friday, November 8th. This is an increase from América Móvil’s previous dividend of $0.18.

América Móvil has decreased its dividend by an average of 10.3% annually over the last three years. América Móvil has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect América Móvil to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 14.1%.

América Móvil Stock Up 2.0 %

Shares of NYSE:AMX traded up $0.33 during trading on Wednesday, hitting $16.77. 2,461,371 shares of the company were exchanged, compared to its average volume of 1,564,617. The stock has a market capitalization of $52.07 billion, a P/E ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31. The firm’s 50 day moving average price is $16.57 and its 200-day moving average price is $17.56.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. On average, research analysts predict that América Móvil will post 1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank cut their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday. UBS Group cut their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. StockNews.com assumed coverage on shares of América Móvil in a report on Thursday, October 10th. They issued a “strong-buy” rating on the stock. Finally, The Goldman Sachs Group cut their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.32.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.