America Movil, S.A.B. de C.V. (AMX) Declares $0.16 Semiannual Dividend
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.
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