Cemex S.A.B. de C.V. (CX) to Issue Quarterly Dividend of $0.03 on June 29th

Cemex S.A.B. de C.V. (NYSE:CX) announced a quarterly dividend on Friday, June 5th. Stockholders 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) dividend on an annualized basis and a dividend 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 dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE:CX opened at $12.96 on Monday. The company has a market cap of $18.77 billion, a P/E ratio of 40.49 and a beta of 1.51. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Cemex has a 52 week low of $6.63 and a 52 week high of $13.67. The business has a fifty day simple moving average of $12.43 and a 200-day simple moving average of $11.98.

Cemex (NYSE:CX) last announced its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Equities research analysts forecast that Cemex will post 0.91 EPS for the current year.

Insider Activity at Cemex

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction of $425,600.00. Following the transaction, the insider owned 846,010 shares in the company, valued at $10,287,481.60. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CX. JPMorgan Chase & Co. increased its position in shares of Cemex by 84.9% during the third quarter. JPMorgan Chase & Co. now owns 4,529,612 shares of the construction company’s stock worth $40,721,000 after acquiring an additional 2,080,341 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in Cemex in the third quarter valued at about $1,124,000. TT International Asset Management LTD bought a new stake in Cemex in the fourth quarter valued at about $2,781,000. Dorsey Wright & Associates bought a new stake in Cemex in the third quarter valued at about $1,402,000. Finally, Envestnet Asset Management Inc. increased its holdings in Cemex by 16.0% in the third quarter. Envestnet Asset Management Inc. now owns 888,542 shares of the construction company’s stock valued at $7,988,000 after buying an additional 122,710 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.