Alfa S.A.B. de C.V. issued the following announcement on Sept. 12.
ALFA, SAB de CV (BMV: ALFAA) (ALFA) informs the investing public that it paid the second exhibition of $ 101 million of the ordinary dividend approved by the Shareholders' Meeting of February 28, 2019. This figure is equivalent to 2.0 cents per share.
This exhibition concludes the payment of dividends approved for the year 2019 for $ 202 million dollars. The cumulative payment of cash dividends was 21% higher than the amount paid in 2018 and represents a historical maximum for ALFA. Likewise, the cumulative figure of 4.0 cents per share is equivalent to a yield of approximately 5% over the last closing price of the ALFA share.
The annual payment of cash dividends, denominated in dollars, is a fundamental part of ALFA's value proposition for its shareholders, highlighting that these payments have grown at a compound annual rate of 16% over the last decade. ALFA reiterates its commitment to continue paying dividends as it has consistently done for more than 20 years, supported by its diversified portfolio of leading businesses and financial discipline.
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