America Movil, S.A.B. de C.V. (NYSE:AMX) announced a semiannual dividend on Wednesday, October 18th, Wall Street Journal reports. Investors of record on Friday, October 27th will be paid a dividend of 0.1599 per share by the Wireless communications provider on Monday, November 20th. This represents a yield of 1.75%. The ex-dividend date is Thursday, October 26th.

America Movil, S.A.B. de C.V. has decreased its dividend payment by an average of 6.1% per year over the last three years. America Movil, S.A.B. de C.V. has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect America Movil, S.A.B. de C.V. to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 35.1%.

Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) traded down 0.55% during midday trading on Wednesday, reaching $18.24. The company had a trading volume of 3,207,079 shares. America Movil, S.A.B. de C.V. has a 52 week low of $11.02 and a 52 week high of $19.05. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 22.80 and a beta of 0.54. The stock has a 50-day moving average of $18.18 and a 200 day moving average of $16.75.

A number of research analysts have recently commented on AMX shares. Zacks Investment Research cut America Movil, S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank AG raised America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $21.00 in a research note on Monday. ValuEngine raised America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. UBS AG cut America Movil, S.A.B. de C.V. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $20.00 target price (up previously from $18.00) on shares of America Movil, S.A.B. de C.V. in a research note on Monday, August 21st. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $16.31.

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About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

Dividend History for America Movil, S.A.B. de C.V. (NYSE:AMX)

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