Coca-Cola FEMSA, S.A.B. de C.V. Approves Cash Dividend for the Fiscal Year 2022, Payable in Two Installments as of May 3, 2023 and November 3, 2023
March 27, 2023 at 04:35 pm EDT
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Coca-Cola FEMSA, S.A.B. de C.V. at its AGM held on March 27, 2023, approved the payment of a cash dividend for the fiscal year 2022 of MXN 0.725 per share, (equivalent to MXN 5.80 per unit) to be paid in two installments; the first installment for the amount of MXN 0.3625 as of May 3, 2023, and the second installment for the amount of MXN 0.3625 as of November 3, 2023, for all outstanding shares on the payment date.
Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company's segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company's equity method investment in Coca-Cola FEMSA Philippines, Inc. The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, dairy and isotonic drinks).