Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) declared a quarterly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be paid a dividend of $0.1999 per share on Thursday, October 22nd. This represents a $0.80 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, October 14th.
Corporacion Inmobiliaria Vesta has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corporacion Inmobiliaria Vesta to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 39.1%.
Corporacion Inmobiliaria Vesta Stock Up 1.7%
Shares of NYSE:VTMX opened at $32.50 on Friday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 3.30 and a beta of 0.66. Corporacion Inmobiliaria Vesta has a one year low of $25.59 and a one year high of $37.41. The firm has a fifty day moving average price of $33.92 and a two-hundred day moving average price of $34.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26.
Corporacion Inmobiliaria Vesta Company Profile
Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.
Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.
Founded in 1998, Vesta has expanded its presence alongside Mexico’s manufacturing and nearshoring sectors.
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