Business Context and Reporting Period
This Form 6-K filing by CEMEX SAB DE CV (NYSE: CX) was submitted on November 29, 2024. The report announces the payment schedule for the third installment of a cash dividend previously declared at the Ordinary General Shareholders' Meeting on March 22, 2024.
Key Financial Metrics
The filing focuses exclusively on dividend distribution details and does not provide operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the current period.
- Total Declared Dividend: USD $120 million (aggregate).
- Installment Structure: Four equal installments of USD $30 million each.
- Current Installment: Third installment of USD $30 million.
- Dividend Per Unit (Approximate):
- Ordinary Share: USD $0.000689
- CPO (Ordinary Participation Certificate): USD $0.002067
- ADS (American Depositary Share): USD $0.020670
- Tax Status: No tax withholding applies as the dividend is sourced from the Net Tax Profit Account (CUFIN) as of December 31, 2013.
Material Changes
The filing does not report material changes to the company's financial position or operations compared to prior periods. It serves as a procedural update regarding the execution of the dividend plan announced in March 2024.
Guidance, Outlook, and Payment Schedule
Management has outlined the specific timeline for the third dividend installment:
- Record Date: December 10, 2024.
- Final Announcement of Amounts: By December 9, 2024.
- Last Day to Acquire with Rights: December 9, 2024.
- Payment to Bearer Shares and CPO Holders: December 11, 2024 (in Mexican Pesos at the Bank of Mexico exchange rate on December 9, 2024).
- Payment to ADS Holders: On or around December 18, 2024.
- Future Installment: The fourth and final installment is scheduled for March 11, 2025.
The filing contains no specific guidance on future earnings, operational outlook, or discussion of risks and contingencies beyond the standard dividend mechanics.
Investor Verification Checklist
- Verify the record date of December 10, 2024, to confirm eligibility for the third installment.
- Confirm the final dividend amounts per share/CPO/ADS when announced by December 9, 2024.
- Monitor the Bank of Mexico exchange rate on December 9, 2024, for CPO and bearer share holders receiving payment in Mexican Pesos.
- Note that the dividend is tax-exempt for withholding purposes due to its source from the 2013 CUFIN account.