Business Context and Reporting Period
This Form 6-K filing by CEMEX SAB DE CV (NYSE: CX) is dated June 7, 2024. The report announces the payment schedule for the first installment of a cash dividend previously declared at the Ordinary General Shareholders' Meeting on March 22, 2024.
Key Financial Metrics
The filing details specific dividend distribution metrics but does not provide broader financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity for the current period.
- Total Declared Dividend: USD $120 million.
- Payment Structure: Four equal installments of USD $30 million each.
- First Installment Amount: USD $30 million.
- Dividend Per Unit (First Installment):
- Ordinary Participation Certificates (CPO): Approximately USD $0.002067 per CPO.
- American Depositary Shares (ADS): Approximately USD $0.020670 per ADS.
- Shares: Approximately USD $0.000689 per share.
- 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 financial performance, operations, or debt levels compared to prior periods. The primary material event is the execution of the dividend payment plan approved in March 2024.
Guidance, Outlook, and Risks
Management Commentary and Schedule:
- Record Date: June 17, 2024.
- Ex-Dividend Date: June 14, 2024 (last day to acquire shares with dividend rights).
- Payment Dates:
- First Installment: June 18, 2024 (CPO and bearer shares in Mexican Pesos); June 26, 2024 (ADS holders).
- Second Installment: September 17, 2024.
- Third Installment: December 11, 2024.
- Fourth Installment: March 11, 2025.
- Exchange Rate: Payments to CPO and bearer shareholders will be converted to Mexican Pesos based on the Bank of Mexico rate determined on June 14, 2024.
Risks and Contingencies: The filing does not disclose new risks or contingencies. It notes that final dividend amounts per share will be announced no later than June 14, 2024.
Investor Verification Checklist
- Verify share ownership status as of the record date of June 17, 2024.
- Confirm the ex-dividend date of June 14, 2024, to ensure eligibility for the first installment.
- Monitor the Bank of Mexico exchange rate on June 14, 2024, for CPO and bearer share payments.
- Check for the final announcement of dividend amounts per share expected by June 14, 2024.
- Note that the filing does not contain updated revenue, earnings, or balance sheet data; refer to the most recent Form 20-F for comprehensive financial metrics.