Cemex S.A.B. de C.V. (CX) To Go Ex-Dividend on March 11th

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, February 27th. Stockholders 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 dividend yield of 0.9%. 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 traded down $0.44 during midday trading on Monday, reaching $10.48. 859,855 shares of the company were exchanged, compared to its average volume of 6,619,267. The stock’s 50-day moving average price is $12.35 and its 200-day moving average price is $10.79. The stock has a market cap of $15.18 billion, a P/E ratio of 15.88, a PEG ratio of 0.74 and a beta of 1.60. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Cemex has a one year low of $4.89 and a one year high of $13.35.

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

About Cemex

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.