Fomento Económico Mexicano, S.A.B. de C.V. Approves Payment of Cash Dividend, Payable on May 5, 2022 and November 7, 2022
April 09, 2022 at 02:37 am IST
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Fomento Económico Mexicano, S.A.B. de C.V.'s shareholders' meeting approved the payment of a cash dividend of MXN 0.7085 per each Series "D" share and MXN 0.5660 per each Series "B" share, which amounts to MXN 3.4000 per "BD" Unit or MXN 34.0000 per ADS, and MXN 2.8300 per "B" Unit, to be paid in two equal installments, payable on and November 7, 2022.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.