Wal-Mart de México, S.A.B. de C.V. Announces Payment of Ordinary Dividend and Special Dividend
March 24, 2020
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Wal-Mart de México, S.A.B. de C.V. announced that its shareholders had approved its proposal for distribution, which includes the payment of an ordinary cash dividend of MXN 0.87 per share and an extraordinary cash dividend of MXN 0.92 per share. The total amount of dividends is MXN 1.79 per share. The ordinary dividend will be paid in cash in three installments: the first of MXN 0.27 per share in June 24, 2020; the second and third of MXN 0.30 per share in November 25, 2020 and December 16, 2020.
The extraordinary dividend will be paid in cash in two installments: the first of MXN 0.45 per share in November 25, 2020, the second of MXN 0.47 per share in December 16, 2020.
Wal Mart de Mexico SAB de CV is a Mexico-based company engaged in operating self-service stores. The Company's segments include Mexico and Central America. In Mexico, the Company operates through Self-service, which includes the operation of discount stores, hypermarkets, wholesale-price membership stores and supermarkets, and Others, which includes department stores and real estate transactions with third parties. In Central America, it operates discount stores, supermarkets, hypermarkets, warehouse stores and wholesale-price membership stores in Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador. It offers products in a range of categories, such as food, consumables, general merchandise and apparel. It offers products under various brand names, including Bodega Aurrera Express, Walmart, Sam's Club, Superama, Suburbia and Medimart Pharmacies. The Company also operates e-commerce business in Mexico. It is controlled by Wal Mart Stores Inc.