Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) declared a quarterly dividend on Friday, June 5th. Investors of record on Wednesday, June 17th will be paid a dividend of 0.0312 per share by the construction company on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 17th. This is a 38.5% increase from Cemex’s previous quarterly dividend of $0.02.
Cemex has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cemex to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 12.1%.
Cemex Trading Down 0.2%
Shares of CX opened at $12.96 on Monday. The stock has a fifty day moving average of $12.43 and a two-hundred day moving average of $11.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The company has a market capitalization of $18.77 billion, a PE ratio of 40.49 and a beta of 1.51. Cemex has a fifty-two week low of $6.63 and a fifty-two week high of $13.67.
About Cemex
Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.
Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.
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