MEXICO: Coca-Cola FEMSA issues higher dividend

By | 28 March 2007

Shareholders at Coca-Cola FEMSA have approved an increased dividend payment.

The bottler confirmed yesterday (27 March) that a dividend payment of MXN809m (US$73.1m) will be made in May, and was backed by shareholders at its recent annual general ordinary shareholders meeting.

The dividend, which equates to MXN0.4380 per ordinary share and MXN4.38 per ADR, will be paid on 15 May. The payment represents a 12% increase in real terms compared to the dividend paid last year, the company noted.

At the meeting, shareholders also approved the annual report presented by the board, the consolidated financial statements for the year to 31 December and the composition of the board for this year.

Mexican drinks group FEMSA holds a 53.7% stake in the Latin American bottler. Coca-Cola FEMSA accounts for half of Coca-Cola Co.'s volumes in Mexico and 40% of volumes throughout Latin America.

Last year, Coca-Cola FEMSA saw profits inch up over 2% as raw material costs and growing competition weighed on earnings.

Sectors: Beer & cider, Soft drinks, Water

Companies: FEMSA, Coca-Cola Co

View next/previous articles

Currently reading -

MEXICO: Coca-Cola FEMSA issues higher dividend

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: ABA reports progress for fewer calories in schools

Calories from beverages shipped to schools has decreased due to the beverage industry's progress implementing the National School Beverage Guidelines.

TURKEY: Coca Cola Icecek awaits approval for Dogadan deal

Coca-Cola Icecek, an affiliate of the Coca-Cola Co., is awaiting competition board approval over the acquisition of Turkish tea company Dogadan Gida Urunleri Sanayii ve Pazarlama A.S.

US: Coca-Cola accused of Glaceau fall-out - report

The Coca-Cola Co. has fallen out with a number of smaller Glaceau Vitaminwater distributors over its plans to put 65% of its sales through its own distribution networks across the US, according to reports.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page