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Betterware de Mexico, S.A.P.I. DE C.V. (NASDAQ:BWMX), a leading direct-to-consumer retail company with a market capitalization of $415 million, has filed a report with the U.S. Securities and Exchange Commission (SEC) announcing a dividend. The report, filed today, is in accordance with the SEC’s Form 6-K, which pertains to foreign private issuers. The company currently offers an attractive dividend yield of 10.7% and has maintained dividend payments for five consecutive years, according to InvestingPro data.
The document, signed by Luis Campos, Board Chairman of Betterware de Mexico, indicates that the company will be distributing dividends to shareholders. The specifics of the dividend, such as the amount and the payment schedule, were not disclosed in the brief statement provided in the SEC filing.
Betterware de Mexico, headquartered in Zapopan, Jalisco, specializes in the retail-catalog and mail-order houses industry, maintaining impressive gross profit margins of 67.9% and achieving revenue growth of 8.4% over the last twelve months. The company has a history of name changes, with the most recent occurring on September 8, 2020, when it became known as Betterware de Mexico, S.A.P.I. DE C.V. InvestingPro analysis reveals several additional positive indicators for investors, with more detailed insights available in the comprehensive Pro Research Report.
This announcement is consistent with Betterware de Mexico’s approach to shareholder returns and reflects its ongoing commitment to providing value to its investors. Trading at a P/E ratio of 11.9 and showing strong financial health according to InvestingPro’s analysis, the stock appears undervalued at current levels. Shareholders and potential investors are advised to review the company’s full financial disclosures for a comprehensive understanding of its financial health and business strategies.
The company’s business address and principal executive office are located at Luis Enrique Williams 549, Colonia Belenes Norte, Zapopan, Jalisco, 45145, México. The phone number provided for the business is +52 (33) 3836-0500.
This news is based on a press release statement and investors are encouraged to consult the original SEC filing for the most detailed and accurate information regarding Betterware de Mexico’s dividend announcement.
In other recent news, Betterware de México announced the appointment of Rodrigo Muñoz as its new Chief Financial Officer. Muñoz brings over two decades of financial experience from various industries and is expected to enhance Betterware’s financial strategies and shareholder value. This executive change aims to support Betterware’s ongoing expansion and strategic financial management. Meanwhile, Vifra Group reported a robust financial performance for Q4 2024, with an 11.1% increase in revenue year-over-year and a 17.3% rise in adjusted earnings per share for the full year. The company also revealed plans to expand into Ecuador by June 2025 and aims for a revenue and EBITDA growth target of 6-9% for 2025. Despite these positive developments, Vifra Group’s stock faced challenges in regular trading. Analysts from SCC Research have shown interest in Vifra’s inventory strategy, highlighting the company’s focus on efficient inventory management. These developments indicate a period of strategic growth and operational efficiency for both Betterware de México and Vifra Group.
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