BeFra Announces a Dividend Payment of $250 Million Mexican Pesos

Rhea-AI Summary

Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) announced a dividend payment of MX $250 million, equivalent to US $0.3515 per share, subject to shareholders' approval. The dividend will be paid on May 23, 2024, to shareholders of record as of May 15, 2024.

GUADALAJARA, Mexico, April 30, 2024 /PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX) ("BeFra" or the "Company"), announced that, subject to formal approval by means of the shareholders meeting to be held on May 13, 2024, it intends to pay an aggregate dividend of MX $250,000,000; which represents approximately US $0.3515 per share after applicable tax withholdings. The dividend is payable on May 23, 2024 to shareholders of record as of May 15, 2024.

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 with its recent acquisition, it now has gained presence in the United States through JAFRA's portfolio of products.

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 original content to download multimedia:https://www.prnewswire.com/news-releases/befra-announces-a-dividend-payment-of-250-million-mexican-pesos-302132239.html

SOURCE Betterware de México, S.A.P.I. de C.V.

FAQ

When will the dividend payment be made by BeFra?

The dividend payment by BeFra will be made on May 23, 2024.

What is the amount of the dividend payment announced by BeFra?

BeFra announced a dividend payment of MX $250 million.

What is the dividend per share amount declared by BeFra?

BeFra declared a dividend of US $0.3515 per share.

When is the shareholders meeting to approve the dividend payment by BeFra?

The shareholders meeting to approve the dividend payment by BeFra is scheduled for May 13, 2024.

When is the record date for shareholders to receive the dividend from BeFra?

Shareholders of record as of May 15, 2024, will receive the dividend from BeFra.