Cemex S.A.B. de C.V. (NYSE:CX) Announces Dividend Increase – $0.03 Per Share

Cemex S.A.B. de C.V. (NYSE:CX) announced a quarterly dividend on Friday, June 5th. Shareholders 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 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% meaning 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 Stock Down 0.2%

Shares of NYSE:CX opened at $12.96 on Monday. The stock’s 50-day moving average price is $12.43 and its two-hundred day moving average price is $11.98. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. Cemex has a 12-month low of $6.63 and a 12-month high of $13.67. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 40.49 and a beta of 1.51.

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

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.