Dividend Payments 2012 (Sólo Lectura)
Dividend payments in 2012 May 11, 2012 ■ We estimate that the 55 companies that we follow and the Naftrac ETF combined will pay cash dividends amounting to MP 98 billion in 2012, which is equivalent to USD 7.2 billion at the current exchange rate. This figure represents 1.8% of the market capitalization of this sample; ■ The highest dividend payers include GMexico (MP 15.6 billion), AMX (MP 15.4 billion) GModelo (MP 14.1 billion) and Walmex (MP 9.8 billion). These four companies combined account for 56% of dividends to be paid this year by our simple; ■ The highest dividend yields include those of Gap B (+7.4%), Funo 11 (+5.6%), Soriana (5.5%), Chdraui B (+4.9%), GMexico (+4.9%) and Bolsa (+4.7%, today it was ex-dividend). Cemex was the largest company that didn’t pay any cash dividends, but it implemented a share dividend; ■ We continue to believe that the right investment strategy should focus on those companies with solid fundamentals and growth prospects, low multiples and a high dividend yield. IPC Index Dividend payment Dividend (Million of MP) yield (%) 42,000 GMexico B 15,570.0 Gap B 7.4 Amx L 15,398.4 Funo 11 5.6 40,000 GModeloc C 14,090.5 Soriana 5.5 38,000 Walmex V 9,760.9 GMexico B 4.9 Femsa UBD 6,637.2 Chedraui 4.9 36,000 Peñoles * 6,558.0 Bolsa A 4.7 34,000 Kof L 5,506.8 Oma B 4.6 Kimber A 3,784.2 Kimber A 4.5 32,000 Soriana 3,600.0 GModeloc C 4.4 30,000 AC * 2,416.5 Alsea 4.0 -11 -11 -11 -11 -12 r-12 y y g g p Gap B 2,075.7 Autlan B 3.5 p Jul-11 Oct-11 Oct-11 A Jun-11 Jun-11 Jan-12 Jan-12 Mar-12 Mar-12 Feb-12 Au Au Se
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