America Movil to pay dividend, hike buy back fund

MEXICO CITY, March 11 (Reuters) - Mexico's America Movil, the largest cell phone operator in Latin America, said on Tuesday it will pay a 0.26 peso per share dividend and also plans to increase its share buy back fund by 40 billion pesos.

America Movil (AMX.N: Quote, Profile, Research) (AMXL.MX: Quote, Profile, Research) is controlled by Mexican billionaire Carlos Slim. (Reporting by Chris Aspin; editing by Carol Bishopric)