Betterware de México (BeFra) announced that its shareholders approved an aggregate dividend payment of MXN 200,000,000 following a shareholders meeting held on April 30, 2025. This amount represents approximately US $0.2736 per share before applicable tax withholdings, or approximately US $0.2463 per share after tax.
The approved dividend is scheduled to be paid on May 23, 2025, to shareholders of record as of May 12, 2025. This payment reflects a more conservative approach to cash management, as indicated by the company's management.
This dividend payout of MXN 200 million represents a reduction compared to the MXN 250 million dividends paid in previous quarters. The adjustment was made despite negative free cash flow in Q1 2025, with management expecting cash flow to normalize in subsequent quarters.
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