America Movil plans up to 3 billion pesos in share buybacks
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Mexican billionaire Carlos Slim smiles during a news conference in Mexico City, Mexico, January 27, 2017. REUTERS/Edgard Garrido
MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim's America Movil said on Tuesday it plans to ask shareholders at an April 5 meeting to approve up to 3 billion pesos ($158 million) in share buybacks between April 2017 and April 2018.
America Movil will also propose a dividend of 0.30 pesos per share, the company said in a filing with the Mexican stock exchange.
(Reporting by Anahi Rama)
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