KOF Declares Lower Quarterly Dividend Payment for Shareholders

Coca-Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared its quarterly dividend on September 29th, which will be paid out to shareholders of record as of October 9th. The dividend amount is $1.0838 per share, with the ex-dividend date also set for October 9th.

This represents a decrease from the previous quarter's dividend payment of $1.1248 and brings Coca-Cola Femsa's annualized dividend to $4.34 per share. The payout ratio stands at 53.1%, indicating that the company's earnings cover its dividend payments. Analysts expect Coca-Cola Femsa to earn $7.72 per share next year, suggesting a future payout ratio of 50.9%.

Coca-Cola Femsa serves as the world's largest franchise bottler of Coca-Cola products by sales volume and has increased its dividend payment by an average of 0.1% over the last three years.