Coca-Cola Femsa has announced its share dividend. The Coke bottler said yesterday that its shareholders have approved a dividend payment of 0.282 peso per share.

The company also said in a statement that its shareholders have agreed to set a maximum limit for its share buyback programme of 400m pesos (US$36m).

Last month, Coca-Cola Femsa announced a rise in net profit for Q4 of 21% to 938m pesos (US$84m) compared with 776 million pesos a year ago. Revenue, helped by the recent acquisition of major Latin American bottler Panamco, leapt by 139% to 11.435 billion pesos.