America Movil (AMX) has announced a dividend payout of $0.273 per share, with the ex-dividend date set for Jul 11, 2025. This marks an increase compared to the previous dividend, which was $0.245 per share distributed on Nov 18, 2024. The average dividend per share over the last ten distributions was $0.207, indicating a higher payout this time around. The type of dividend remains a cash dividend, continuing its tradition of rewarding shareholders with monetary returns.
In recent developments, America Movil has seen notable activity amongst institutional investors. The Teacher Retirement System of Texas significantly increased its holdings in America Movil by 93% during the first quarter. Meanwhile, Wealth Enhancement Advisory Services LLC reduced its position by 15.3%, yet America Movil remains a substantial component of their portfolio with 26,098 shares. This fluctuation in institutional holdings suggests varying strategies and confidence levels among large investors, reflecting the dynamic nature of the company's market positioning.
Over the past week, there have been several significant updates regarding America Movil. The company released promising Q2 2024 results, showcasing strong service revenue and EBITDA, which have bolstered investor confidence. Additionally, recent reports indicate a notable 57.64% increase in the stock price during a Monday after-hours trading session, signaling robust market response to recent earnings and growth expectations. Analysts have shown a mix of ratings, with some raising their recommendations to "buy" and others maintaining a "hold" stance, pointing to differing perspectives on the company's future performance. The overall sentiment in the market appears cautiously optimistic, with a consensus rating of "Hold" and an average price target of $16.62, reflecting both confidence in the company's fundamentals and awareness of potential market challenges.
In conclusion, America Movil is poised for a pivotal moment with its upcoming dividend payout. Investors should note that the ex-dividend date is Jul 11, 2025, which is the final day to purchase shares and qualify for this dividend. Any purchases made after this date will not be eligible for the current dividend distribution.
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