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    FEMSA UBD   MXP320321310

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(FEMSA UBD)
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Fomento Económico Mexicano B de C : Current Report by Foreign Issuer (SEC Filing - 6-K)

03/03/2021 | 06:06am EDT

Exhibit 99.1

FEMSA Announces Ordinary Dividend Proposal for 2021

Monterrey, Mexico, March 2, 2021 - Fomento Económico Mexicano, S.A.B. de C.V. ('FEMSA') (NYSE: FMX; BMV: FEMSAUBD) announces that its Board of Directors has proposed an ordinary dividend in the amount of Ps. 7,687 million, to be paid during 2021. The dividend is subject to approval of the annual shareholders meeting to be held on March 24, 2021. This proposal represents a decrease of 25.8% compared to the dividend paid during 2020. It reflects a prudent approach after a challenging year, in which the global pandemic drove a reduction in FEMSA's cash flow received from certain investments and operations.

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About FEMSA

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through FEMSA Comercio, comprising a Proximity Division operating OXXO, a small-format store chain, a Health Division, which includes drugstores and related activities, and a Fuel Division, which operates the OXXO GAS chain of retail service stations. In the beverage industry, it participates through Coca-Cola FEMSA, a public bottler of Coca-Cola products; and in the beer industry, as a shareholder of HEINEKEN, a brewer with operations in over 70 countries. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients. FEMSA also participates in the specialized distribution industry in the United States. Through its business units, FEMSA has more than 320,000 employees in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index, among other indexes that evaluate its sustainability performance.

March 2, 2021 1

Disclaimer

FEMSA - Fomento Económico Mexicano SA de CV published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 11:05:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 535 B 25 922 M 25 922 M
Net income 2021 21 428 M 1 037 M 1 037 M
Net Debt 2021 95 215 M 4 609 M 4 609 M
P/E ratio 2021 28,4x
Yield 2021 1,36%
Capitalization 553 B 26 669 M 26 773 M
EV / Sales 2021 1,21x
EV / Sales 2022 1,10x
Nbr of Employees 313 693
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 183,41 MXN
Last Close Price 170,68 MXN
Spread / Highest target 29,5%
Spread / Average Target 7,46%
Spread / Lowest Target -12,1%
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Managers and Directors
NameTitle
Miguel Eduardo Padilla Silva Chief Executive Officer & Director
Eugenio Garza Y. Garza Director-Finance & Corporate Development
José Antonio Fernández Carbajal Executive Chairman
Gerardo Estrada Attolini Director-Administration & Control
Robert Edwin Denham Independent Director
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