Betterware de Mexico SAPI de C (NYSE:BWMX) Raises Dividend to $0.33 Per Share

Betterware de Mexico SAPI de C (NYSE:BWMX) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 6th will be given a dividend of 0.3252 per share on Thursday, August 20th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, August 6th. This is a 6.2% increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31.

Betterware de Mexico SAPI de C Price Performance

BWMX stock traded down $0.34 during mid-day trading on Friday, hitting $16.97. The company had a trading volume of 80,863 shares, compared to its average volume of 94,405. The company has a market capitalization of $633.17 million, a price-to-earnings ratio of 10.00 and a beta of 1.03. The company has a 50-day moving average price of $17.73 and a 200 day moving average price of $17.61. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.10. Betterware de Mexico SAPI de C has a 12-month low of $9.99 and a 12-month high of $19.79.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. The business had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.19% and a return on equity of 88.88%. On average, research analysts anticipate that Betterware de Mexico SAPI de C will post 2.62 earnings per share for the current year.

Analysts Set New Price Targets

BWMX has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 4th. Zacks Research lowered shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Betterware de Mexico SAPI de C has a consensus rating of “Hold”.

About Betterware de Mexico SAPI de C

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.