MEXICO: Modelo confirms annual dividend payment

By | 25 April 2007

Grupo Modelo has lined up its annual dividend payment for shareholders.

The Mexican company said earlier this week that it will pay out MXN6.76bn (US$615m). The payment equates to MXN2.08 per share.

The company said that payment would be made next Monday (30 April). The dividend is up two-thirds on 2005, and represents 78% of last year's net profit.

Modelo, which is 52%-owned by Anheuser-Busch, owns Corona, the largest imported beer brand in the US.

Sectors: Beer & cider, Water

Companies: Modelo, Anheuser-Busch

View next/previous articles

Currently reading -

MEXICO: Modelo confirms annual dividend payment

There are currently no comments on this article

Be the first to comment on this article

Related articles

Comment - The beginning of the end for Scottish & Newcastle?

The announcement earlier this week that Carlsberg and Heineken are discussing making a bid for Scottish & Newcastle came far too early for the two European brewers. With no bid having been actually made, it's likely that Carlsberg and Heineken will have to pay a fair bit above the odds to take control of S&N.

MEXICO: Grupo Modelo figures rise in Q3

Grupo Modelo has posted a marked lift in operating profits for the third quarter.

SINGAPORE: Carlsberg snatches Corona distribution from APB

Carlsberg is set to take over the distribution of Modelo's Corona beer brand in Singapore and Malaysia from Asia Pacific Breweries.

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