BeFra Announces a Dividend Payment of $250 Million Mexican Pesos

Rhea-AI Summary

Betterware de México (NYSE:BWMX) has announced plans to distribute a dividend of MX $250 million, subject to shareholder approval at the meeting scheduled for March 7, 2025. The dividend represents approximately US $0.3212 per share before tax withholdings and US $0.2891 per share after tax withholdings. If approved, shareholders of record as of March 18, 2025, will receive the dividend payment on March 25, 2025.

Positive

• Dividend distribution of MX $250M to shareholders
• US $0.3212 per share pre-tax dividend payment
• Clear timeline for dividend distribution

Negative

• 10% tax withholding reduces actual shareholder return
• Dividend payment subject to shareholder approval

GUADALAJARA, Mexico--(BUSINESS WIRE)-- Betterware de México, S.A.P.I. de C.V. (NYSE:BWMX) (“BeFra” or the “Company”), announced today that subject to formal approval by means of the shareholders meeting to be held on March 7, 2025, it intends to pay an aggregate dividend of MX $250,000,000. This amount represents approximately US $0.3212 per share before applicable tax withholdings, or approximately US $0.2891 per share after applicable tax withholdings. If approved, the dividend will be payable on March 25, 2025 to shareholders of record as of March 18, 2025.

About Betterware

Founded in 1995, Betterware de Mexico is the leading direct-to-consumer company in Mexico focused on offering innovative products that solve specific needs related to household organization, practicality, space-saving, and hygiene. Through the acquisition of JAFRA on April 7, 2022, the Company now offers a leading brand of direct-to-consumer in the Beauty market 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 in the United States of America.

Cautionary Statement Regarding Forward-Looking Statements

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250306622537/en/

Company:

BeFra IR

iroffice@better.com.mx

+52 (33) 3836 0500 Ext. 2011

InspIR:

Investor Relations

Barbara Cano/Ivan Peill

barbara@inspirgroup.com / Ivan@inspirgroup.com

Source: Betterware de México, S.A.P.I. de C.V.

FAQ

What is the dividend amount announced by BWMX for March 2025?

BWMX announced a dividend of MX $250 million, equivalent to US $0.3212 per share before taxes.

When will BWMX shareholders receive the March 2025 dividend payment?

If approved, the dividend will be paid on March 25, 2025, to shareholders of record as of March 18, 2025.

What is the after-tax dividend amount per share for BWMX's March 2025 payment?

The after-tax dividend amount is approximately US $0.2891 per share.

When is the BWMX shareholder meeting to approve the March 2025 dividend?

The shareholder meeting is scheduled for March 7, 2025.