Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) announced a quarterly dividend on Friday, June 5th. Investors of record on Wednesday, June 17th will be given a dividend of 0.0312 per share by the construction company on Monday, June 29th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, June 17th. This is a 38.5% increase from Cemex’s previous quarterly dividend of $0.02.
Cemex has a 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 Stock Performance
Shares of CX stock opened at $12.96 on Monday. Cemex has a 12 month low of $6.63 and a 12 month high of $13.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a market capitalization of $18.77 billion, a P/E ratio of 40.49 and a beta of 1.51. The company’s fifty day moving average price is $12.43 and its two-hundred day moving average price is $11.98.
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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