Cemex SAB de CV to Issue Annual Dividend of $0.05 (NYSE:CX)

Cemex SAB de CV (NYSE:CX) declared an annual dividend on Monday, December 9th, Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.0496 per share by the construction company on Wednesday, December 18th. This represents a yield of 2.8%. The ex-dividend date is Friday, December 13th.

Shares of CX traded up $0.04 during trading on Monday, reaching $3.57. The company’s stock had a trading volume of 3,976,753 shares, compared to its average volume of 7,066,468. The company has a fifty day moving average of $3.80 and a two-hundred day moving average of $3.83. Cemex SAB de CV has a twelve month low of $2.82 and a twelve month high of $5.63. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 10.20 and a beta of 1.43. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 0.89.

Cemex SAB de CV (NYSE:CX) last released its earnings results on Thursday, October 24th. The construction company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). Cemex SAB de CV had a net margin of 2.51% and a return on equity of 1.78%. The business had revenue of $3.49 billion for the quarter. As a group, equities analysts forecast that Cemex SAB de CV will post 0.26 EPS for the current fiscal year.

CX has been the topic of several recent analyst reports. HSBC cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. ValuEngine raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Cemex SAB de CV Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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