Cemex S.A.B. de C.V. (NYSE:CX) Announces Quarterly Dividend of $0.02

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.0224 per share by the construction company on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 15th.

Cemex has decreased its dividend by an average of 0.1%per year over the last three years. Cemex has a dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cemex to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 12.5%.

Cemex Trading Up 3.2%

Shares of NYSE:CX traded up $0.36 during trading on Friday, reaching $11.55. The stock had a trading volume of 8,726,989 shares, compared to its average volume of 7,035,916. The firm’s fifty day moving average is $10.11 and its 200 day moving average is $8.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.91. Cemex has a 52 week low of $4.89 and a 52 week high of $11.57. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.25 and a beta of 1.61.

Cemex (NYSE:CX) last announced its earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $226.73 million. Cemex had a net margin of 8.62% and a return on equity of 6.85%. As a group, equities analysts forecast that Cemex will post 0.69 EPS for the current fiscal year.

About Cemex

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.