Press

Take advantage of the benefits of the center for journalists FEMSA

10 Mar 2006

FEMSA Stockholders Approve Dividend Increase


Friday, 03/10/2006, 12:00:00 am

Monterrey, Mexico, March 10, 2006 – Fomento Económico Mexicano, S.A. de C.V. ("FEMSA" or "the Company") (NYSE: FMX; BMV: FEMSAUBD), held its Annual General Ordinary Stockholders Meeting today, at which shareholders approved the annual report for 2005 presented by the Board of Directors, the consolidated financial statements for 2005, the declaration of the dividend corresponding to fiscal year 2005, and the composition of the Board of Directors for 2006.

The stockholders approved the payment of a dividend for an amount of 986 million pesos, versus 660 million pesos last year.

The dividend will be paid on June 15, 2006, upon submittal of Coupon Number 1, as follows: 0.147514 pesos for each Series B share and 0.184393 pesos for each Series D share. This corresponds to actual dividend payments of 0.885085 pesos for each BD Unit and 0.737571 pesos for each B Unit. Therefore, each ADR (NYSE:FMX) will receive a dividend payment of 8.85 pesos.

In addition, stockholders approved 3,000 million pesos as the maximum amount that could potentially be used in stock repurchases, as per Mexican legislation.

José Antonio Fernández Carbajal, Chairman and CEO of FEMSA, commented, "In 2005 we reinforced our position as one of the world's leading integrated beverage companies. During the year we leveraged our strengths to generate important advances in our industry, lifting standards in market execution and brand management and furthering our business integration."

"These great results were made possible thanks to the talent, creativity, discipline and hard work of the more than 90 thousand men and women that form part of the FEMSA family", concluded José Antonio Fernández.

The Board of Directors was appointed as follows:

BOARD OF DIRECTORS 2006
SERIES "B"
 MEMBERSALTERNATES
HONORARY LIFE CHAIRMANEugenio Garza LagüeraPaulina Garza Gonda de Marroquín
CHAIRMANEugenio Garza Lagüera
José Antonio Fernández Carbajal
Eva Garza Gonda de Fernández
José Calderón Rojas
Consuelo Garza de Garza
Max Michel Suberville
Alberto Bailleres
F. Javier Fernández Carbajal
Ricardo Guajardo Touché
Alfredo Livas Cantú
Roberto Servitje Sendra
Carlos Salguero
Mariana Garza Gonda de Treviño
José Manuel Canal Hernando
Paulina Garza Gonda de Marroquín
Federico Reyes García
Bárbara Garza Gonda
Francisco José Calderón Rojas
Alfonso Garza Garza
Max Michel González
Arturo Fernández Pérez
Javier Astaburuaga Sanjines
Othón Páez Garza
Sergio Deschamps Ebergeny
Juan Guichard Michel
Eduardo Padilla Silva
Carlos Salazar Lomelín
Ricardo Saldívar Escajadilla
 SERIES "D" 
  Armando Garza Sada
Alexis E. Rovzar de la Torre
Helmut Paul
Lorenzo H. Zambrano Treviño
Robert E. Denham
Alfonso González Migoya
Francisco Zambrano Rodríguez
Antonio Elosúa Muguerza
Francisco Garza Zambrano
José González Ornelas
STATUTORY AUDITORSErnesto González DávilaErnesto Cruz Velásquez de León
SECRETARIESCarlos E. Aldrete AnciraDavid A. González Vessi



FEMSA is the leading beverage company in Latin America. It controls an integrated beverage platform that comprises Coca-Cola FEMSA, the largest Coca-Cola bottler in the region; FEMSA Cerveza, one of the leading brewers in Mexico and important beer exporter to the United States; and Oxxo, the largest and fastest growing convenience store chain in Mexico with over 4,000 stores.

FORWARD LOOKING STATEMENTS
This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

back to top

Calendar

M T W T F S S
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 

Calendario

Actions with value

Press

Events

At the moment there are no related events.

Visit our calendar to find out about our upcoming events.