Cemex S.A.B. de C.V. (NYSE:CX) to Issue Dividend Increase – $0.02 Per Share

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, February 27th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.0225 per share by the construction company on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 11th. This is a 0.5% increase from Cemex’s previous quarterly dividend of $0.02.

Cemex has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE CX opened at $10.93 on Monday. The business has a fifty day moving average price of $12.35 and a two-hundred day moving average price of $10.79. The stock has a market capitalization of $15.84 billion, a PE ratio of 16.56, a P/E/G ratio of 0.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.62. Cemex has a fifty-two week low of $4.89 and a fifty-two week high of $13.35.

Cemex (NYSE:CX) last released its earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.01 billion. As a group, equities analysts predict that Cemex will post 0.69 earnings per share for the current fiscal year.

Cemex Company Profile

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.