America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) To Go Ex-Dividend on November 10th

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) declared a special dividend on Thursday, October 22nd. Investors of record on Tuesday, November 10th will be paid a dividend of $0.2886 per share by the Wireless communications provider on Wednesday, November 18th. The ex-dividend date is Tuesday, November 10th.

America Movil has increased its dividend payment by an average of 0.1% annually over the last three years. America Movil has a payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect America Movil to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 27.4%.

America Movil Price Performance

AMX stock opened at $25.71 on Friday. The stock has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $24.46. America Movil has a 1 year low of $19.70 and a 1 year high of $28.46. The stock has a market cap of $77.27 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

Institutional Investors Weigh In On America Movil

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in America Movil by 17.8% during the first quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock worth $530,186,000 after acquiring an additional 3,140,360 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of America Movil by 3.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,475,816 shares of the Wireless communications provider’s stock valued at $158,413,000 after acquiring an additional 251,941 shares during the period. Dimensional Fund Advisors LP grew its position in shares of America Movil by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock valued at $109,695,000 after acquiring an additional 90,217 shares during the period. Amundi grew its position in shares of America Movil by 11.2% in the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock valued at $60,682,000 after acquiring an additional 239,057 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of America Movil by 314.2% during the 1st quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock worth $57,901,000 after purchasing an additional 1,723,717 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe.

The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services.

América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.