Cemex S.A.B. de C.V. (CX) to Issue Quarterly Dividend of $0.03 on September 24th

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

Cemex has a dividend payout ratio of 16.9% indicating that 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 Trading Up 0.1%

Cemex stock traded up $0.01 during midday trading on Friday, reaching $10.67. 3,703,918 shares of the stock traded hands, compared to its average volume of 5,272,190. The firm has a market cap of $15.46 billion, a PE ratio of 31.39 and a beta of 1.52. The company has a current ratio of 0.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $11.56 and a two-hundred day simple moving average of $11.89. Cemex has a 12-month low of $8.73 and a 12-month high of $13.67.

Cemex (NYSE:CX) last issued its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $4.59 billion for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. Research analysts expect that Cemex will post 0.91 earnings per share for the current fiscal 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.