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