Fomento Económico Mexicano, S.A.B. de C.V.
FMXConsumer Defensive · Stock · quarterly payer
Forward Yield
4.86%
Annual Dividend
$5.90
Payout Ratio
139%
5-Yr Growth
17.0%
Ex-Date
Jul 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Fomento Económico Mexicano, S.A.B. de C.V. (FMX) yields 4.86% ($5.90 per share annually), with a blended fair-value estimate of $153.76 — +28% upside, so it screens as undervalued. Dividend safety grade: D (48/100). 1 years of dividend growth.
Is FMX a good dividend stock?
MixedFomento Económico Mexicano, S.A.B. de C.V. (FMX) pays a quarterly dividend yielding 4.86% ($5.90/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 17.0% 5-yr dividend growth
Risks
- Cut its dividend in 2021
- Elevated payout ratio (139%)
- Below-average dividend safety score
Key Data
- Dividend Yield
- 4.86%
- Payout Ratio
- 139%
- Annual Dividend
- $5.90
- 5-Yr Avg Growth
- 17.0%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 0.18
- Market Cap
- $41.2B
- P/E Ratio
- 23.6
- 5-Yr Total Return
- 39%
- 52-Week Range
- $83.33 – $141.47
- Dividend Safety
- D · 48/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
FMX Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+10%
5 Years
+39%
52-Week Range
$83.33 – $141.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FMX worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Fomento Económico Mexicano, S.A.B. de C.V. is $153.76 per share, versus a market price of $120.12. That implies 28% of upside — a margin of safety of about 22%.
Fair Value
$153.76
Current Price
$120.12
Upside
+28%
Margin of Safety
22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 13.3% annual free-cash-flow growth. We model 13.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 13.1% stage-1 growth, 2.5% terminal growth, $5.15 EPS, $5.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FMX Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $1.8270 | regular |
| Apr 22, 2026 | — | $1.7950 | regular |
| Jul 17, 2025 | — | $1.9630 | regular |
| Apr 24, 2025 | — | $1.8260 | regular |
| Jan 17, 2025 | — | $0.8980 | regular |
| Oct 16, 2024 | — | $0.9460 | regular |
| Jul 17, 2024 | — | $1.0410 | regular |
| Apr 16, 2024 | — | $1.0850 | regular |
| Nov 3, 2023 | — | $1.0700 | regular |
| May 4, 2023 | — | $1.0140 | regular |
| Nov 3, 2022 | — | $0.8470 | regular |
| May 3, 2022 | — | $0.8480 | regular |
| Nov 3, 2021 | — | $0.5680 | regular |
| May 4, 2021 | — | $0.5770 | regular |
Income Calculator
At $5.90 / yr per share
