Cemex S.A.B. de C.V. (NYSE:CX) to Issue Quarterly Dividend of $0.03

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0312 per share by the construction company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th.

Cemex has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cemex to earn $1.04 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 11.5%.

Cemex Stock Performance

Shares of CX traded up $0.01 during mid-day trading on Friday, hitting $10.67. The company’s stock had a trading volume of 3,703,918 shares, compared to its average volume of 5,272,190. Cemex has a one year low of $8.73 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.92. The firm has a market capitalization of $15.46 billion, a PE ratio of 31.39 and a beta of 1.52. The stock’s 50-day moving average is $11.56 and its two-hundred day moving average is $11.89.

Cemex (NYSE:CX) last announced its earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The business had revenue of $4.59 billion for the quarter. As a group, sell-side analysts anticipate that Cemex will post 0.91 EPS for the current year.

About Cemex

CEMEX, SAB. de C.V. (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. Its primary businesses include the production, distribution and sale of cement, ready-mix concrete and aggregates, which are used in residential, commercial and infrastructure construction.

The company also provides urbanization and building solutions, including paving materials, concrete products and related services intended to support construction projects from planning through completion.