América Móvil, S.A.B. de C.V. (NYSE:AMX) Plans Dividend Increase – $0.24 Per Share

América Móvil, S.A.B. de C.V. (NYSE:AMX) announced a dividend on Tuesday, October 15th, NASDAQ reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.245 per share by the Wireless communications provider on Monday, November 18th. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from América Móvil’s previous dividend of $0.18.

América Móvil has decreased its dividend payment by an average of 10.3% annually over the last three years. América Móvil has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect América Móvil to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 14.1%.

América Móvil Trading Up 2.0 %

Shares of América Móvil stock opened at $16.77 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $17.55. The stock has a market cap of $52.07 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. On average, equities analysts forecast that América Móvil will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMX. StockNews.com started coverage on América Móvil in a research report on Thursday, October 10th. They issued a “strong-buy” rating for the company. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.32.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.