March 21, 2018 / 1:59 AM / a month ago

America Movil plans up to 3 bln pesos in share buybacks

MEXICO CITY, March 20 (Reuters) - Mexican billionaire Carlos Slim’s America Movil said on Tuesday it plans to ask shareholders at an April meeting to approve up to 3 billion pesos ($160.56 million) in share buybacks between April 2018 and April 2019.

America Movil will also propose a dividend of 0.30 pesos per share, the company said in a filing with the Mexican stock exchange. ($1 = 18.6846 Mexican pesos) (Reporting by Daina Beth Solomon; Editing by Sandra Maler)

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