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

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 given a dividend of 0.0312 per share by the construction company on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th.

Cemex has a payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.1%

Shares of CX traded up $0.01 during mid-day trading on Friday, hitting $10.67. 3,703,918 shares of the company traded hands, compared to its average volume of 5,272,190. The company has a market capitalization of $15.46 billion, a PE ratio of 31.39 and a beta of 1.52. The company has a quick ratio of 0.68, a current ratio of 0.92 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $11.56 and a 200 day moving average of $11.89. Cemex has a 1-year low of $8.73 and a 1-year high of $13.67.

Cemex (NYSE:CX) last released its earnings results on Tuesday, June 30th. The construction company reported $0.24 EPS for the quarter. The company had revenue of $4.59 billion during the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. Equities research 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.