Betterware de Mexico P I de C : México Announces a Dividend Payment of Mexican Pesos $150 million
May 11, 2023 at 04:37 pm EDT
Share
May 11, 2023
Betterware de México Announces a Dividend Payment of Mexican Pesos $150 million
Guadalajara, Jalisco, México; May 11, 2023 - Betterware de Mexico S.A.P.I. de C.V. (Nasdaq: BWMX) ("Betterware") announced that, subject to formal approval by means of the shareholders meeting to be held on May 15, 2023, it intends to pay an aggregate dividend of MX$150,000,000, which represents approximately US$0.2002 per share after applicable tax withholdings. The dividend is expected to be payable on May 26, 2023 to shareholders of record as of May 22, 2023.
Founded in 1995, Betterware de Mexico is the leading direct-to-consumer company in Mexico focused on offering innovative products that solve specific needs regarding organization, practicality, space saving and hygiene within the household. With the acquisition of JAFRA on April 7, 2022, the Company now offers a leading brand of Direct Selling in the Beauty and Personal Care products industry in Mexico and the United States where it offers Fragrances, Color & Cosmetics, Skin Care and Toiletries. The combined company possesses an asset-light business model with low capital expenditure requirements and a track record of strong profitability, double digit rates of revenue growth and free cash flow generation. Today, the Company distributes its products in Mexico and Guatemala, and with its recent acquisition, it now has gained presence in the United States through JAFRA's portfolio of products.
Matters discussed in this press release may constitute forward-looking statements. Forward- looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward- looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Betterware de Mexico SA de CV published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 20:36:06 UTC.
Betterware de Mexico, S.A.B. DE C.V.. is a Mexico-based company that sells household appliances through an online portal. The Company operates through a Catalogue that shows the different retail household products that it comprises,including kitchen appliances, garden tools, and everyday accesories among other categories. The Company operates accross all of the Mexican states as Betterware's products reach every city in Mexico due to the strategic position of their production plant.
BETTERWARE DE MÉXICO, S.A.P.I. DE C.V. 
