BeFra Announces a Dividend Payment of $250 Million Mexican Pesos

Rhea-AI Summary

Betterware de México (NYSE:BWMX) has announced the approval of a dividend payment totaling MX $250 million. The dividend represents approximately US $0.3378 per share before tax withholdings and US $0.3041 per share after tax withholdings. Shareholders of record as of November 8, 2024 will receive the dividend payment on November 15, 2024.

Positive

• Approved dividend payment of MX $250 million demonstrates financial stability
• Net dividend of US $0.3041 per share provides direct shareholder return

Negative

• None.

GUADALAJARA, Mexico--(BUSINESS WIRE)--

Betterware de México, S.A.P.I. de C.V. (NYSE:BWMX) (“BeFra” or the “Company”), announced that after the shareholders meeting held today, the payment of an aggregate dividend of MX $250,000,000 has been approved; which represents approximately US $0.3378 per share less applicable tax withholdings, resulting in approximately US $0.3041 per share after applicable tax withholdings. The dividend is payable on November 15, 2024 to shareholders of record as of November 8, 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 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/20241028837370/en/

Company:

BeFra IR

iroffice@better.com.mx

+52 (33) 3836 0500 Ext. 2011

InspIR:

Investor Relations

Barbara Cano

barbara@inspirgroup.com

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

FAQ

What is the dividend amount per share for Betterware de México (BWMX) in 2024?

The dividend amount is US $0.3378 per share before tax withholdings and US $0.3041 per share after tax withholdings.

When is the dividend payment date for BWMX shareholders?

The dividend will be paid on November 15, 2024 to shareholders of record as of November 8, 2024.

What is the total dividend payment announced by BWMX?

The total dividend payment announced is MX $250,000,000 (250 million Mexican Pesos).