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Mexico City-based Coca-Cola (NYSE:KO) FEMSA, S.A.B. de C.V. (BMV: KOFUBL; NYSE: KOF), the world's largest Coca-Cola franchise bottler by sales volume, conducted its Annual General Shareholders’ Meeting today. Shareholders approved key resolutions including the company's financial results for the year ended December 31, 2024, and the payment of dividends for the same fiscal year.
The meeting resulted in the approval of a cash dividend totaling Ps. 15,462 million, amounting to Ps. 7.36 per KOF UBL unit or Ps. 0.92 per share. This dividend represents a yield of 3.1%, reflecting the company's impressive 21-year track record of consistent dividend payments, as highlighted by InvestingPro. This dividend will be distributed in four equal installments on April 23, July 16, October 15, and December 9 of 2025, with each installment being Ps. 1.84 per KOF UBL unit or Ps. 0.23 per share.
Additionally, the shareholders ratified the appointment of the members of the Board of Directors, as well as the Planning and Finance, Audit, and Corporate Practices Committees for the year 2025. The company's annual report, presented by the Chief Executive Officer, and the opinions and reports of the Board of Directors and board committees were also accepted.
Coca-Cola FEMSA operates in multiple countries, including territories in Mexico, Brazil, Guatemala, Colombia, and Argentina, as well as nationwide in Costa Rica, Nicaragua, Panama, Uruguay, and Venezuela through an investment in KOF Venezuela. The company serves more than 276 million consumers, employs over 93,000 people, and sells approximately 4.2 billion unit cases annually through more than 2.2 million points of sale. The company's operational efficiency is reflected in its strong gross profit margin of 46% and healthy P/E ratio of 16.4. InvestingPro data reveals eight additional key insights about KOF's financial strength and market position, available exclusively to subscribers.
The company is recognized for its commitment to sustainable practices and is included in various ESG indices such as the Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the S&P/BMV Total (EPA:TTEF) Mexico ESG Index.
This information is based on a press release statement issued by Coca-Cola FEMSA.
In other recent news, Coca-Cola FEMSA has proposed an ordinary dividend of 15.46 billion pesos for the year 2025. The proposal includes a distribution of 7.36 pesos per KOF UBL unit, which equates to 0.92 pesos per share. The planned distribution will occur in four equal installments throughout April, July, October, and December of 2025. This announcement is pending approval from the annual shareholders' meeting, with details on the meeting date to be announced soon. Coca-Cola FEMSA operates in multiple countries and serves a vast consumer base, reflecting its significant market presence. The company is known for its commitment to sustainability and is listed in several sustainability indices, including the Dow Jones Sustainability MILA Pacific Alliance Index. This proposed dividend highlights Coca-Cola FEMSA's financial stability and its dedication to providing shareholder value.
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