America Movil, S.A.B. de C.V. Unsponsored ADR to Issue Special Dividend of $0.31 (NYSE:AMX)

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) announced a special dividend on Thursday, June 25th. Investors of record on Tuesday, July 14th will be paid a dividend of 0.3078 per share by the Wireless communications provider on Wednesday, July 22nd. The ex-dividend date of this dividend is Tuesday, July 14th.

America Movil has raised its dividend by an average of 0.1%per year over the last three years. America Movil has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 26.2%.

America Movil Price Performance

Shares of AMX stock opened at $26.30 on Friday. The stock has a 50 day moving average price of $26.30 and a 200 day moving average price of $24.01. America Movil has a 52-week low of $16.92 and a 52-week high of $28.46. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market capitalization of $79.18 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.83 and a beta of 0.66.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for the quarter. As a group, sell-side analysts predict that America Movil will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On America Movil

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Robeco Institutional Asset Management B.V. increased its stake in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after buying an additional 4,053,838 shares during the period. Lazard Asset Management LLC grew its holdings in America Movil by 17.8% during the 1st 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. Bank of America Corp DE grew its holdings in 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 acquiring an additional 1,723,717 shares in the last quarter. American Century Companies Inc. grew its holdings in America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after acquiring an additional 1,082,493 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in America Movil during the 2nd quarter valued at about $11,252,000. Institutional investors own 6.30% of the company’s stock.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.