Cemex S.A.B. de C.V. (NYSE:CX) Announces $0.02 Quarterly Dividend

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.0224 per share by the construction company on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 15th.

Cemex has decreased its dividend payment by an average of 0.1%per year over the last three years. Cemex has a payout ratio of 12.7% meaning 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 Stock Performance

Shares of NYSE CX traded up $0.36 during trading on Friday, reaching $11.55. The stock had a trading volume of 8,726,989 shares, compared to its average volume of 7,035,916. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.91. The stock has a market cap of $16.74 billion, a PE ratio of 12.42, a P/E/G ratio of 1.25 and a beta of 1.61. Cemex has a one year low of $4.89 and a one year high of $11.57. The firm’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $8.80.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $226.73 million. Cemex had a net margin of 8.62% and a return on equity of 6.85%. On average, research analysts forecast that Cemex will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CX. The Goldman Sachs Group raised their target price on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. JPMorgan Chase & Co. upgraded Cemex from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $8.10 to $10.50 in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Cemex in a report on Wednesday, October 8th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Finally, Scotiabank lowered shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 target price for the company. in a research note on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.14.

Cemex Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.