Cemex S.A.B. de C.V. (CX) to Issue Quarterly Dividend of $0.02 on March 19th

Cemex S.A.B. de C.V. (NYSE:CX) declared a quarterly dividend on Friday, February 27th. Investors 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 0.8%. 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 dividend payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 3.6%

CX opened at $10.93 on Monday. The business has a 50 day moving average price of $12.35 and a two-hundred day moving average price of $10.79. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.84 billion, a PE ratio of 16.56, a P/E/G ratio of 0.74 and a beta of 1.60. Cemex has a 52 week low of $4.89 and a 52 week high of $13.35.

Cemex (NYSE:CX) last announced its earnings results 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). The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. As a group, research analysts anticipate that Cemex will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays reiterated an “overweight” rating and issued a $15.00 price objective on shares of Cemex in a research report on Tuesday, January 27th. HSBC downgraded shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a research report on Friday, February 6th. Scotiabank lifted their target price on shares of Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Cemex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cemex presently has an average rating of “Hold” and a consensus price target of $11.04.

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.