Business Context and Reporting Period
Cemex, S.A.B. de C.V. (NYSE: CX) filed a Form 6-K on September 12, 2024, announcing the payment of the second installment of a cash dividend approved at the Ordinary General Shareholders' Meeting held on March 22, 2024.
Key Financial Metrics
The filing details a specific dividend distribution rather than comprehensive financial performance metrics.
- Total Dividend Payment: USD $30 million (second installment).
- Dividend Per Share: $0.013496 Mexican pesos (equivalent to USD $0.000689).
- Dividend Per CPO: $0.040488 Mexican pesos (equivalent to USD $0.002067).
- Dividend Per ADS: USD $0.020670.
- Exchange Rate Used: $19.5887 Mexican pesos per USD (as of September 12, 2024).
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the current period.
Material Changes
This filing represents a scheduled capital return event rather than a change in operational performance. The dividend is sourced from the Net Tax Profit Account (CUFIN) as of December 31, 2013.
Guidance, Outlook, and Risks
Payment Schedule:
- Bearer shares and CPO holders: September 17, 2024 (in Mexican Pesos).
- ADS holders: On or around September 24, 2024.
Tax Implications: No tax withholding will be applied to this dividend payment as it is derived from the CUFIN account.
The filing text does not provide clear values for future guidance, management commentary on outlook, specific risks, or contingencies beyond the dividend mechanics.
Investor Verification Checklist
- Confirm receipt of the second dividend installment on the specified dates (September 17 or 24, 2024).
- Verify the exchange rate applied ($19.5887 MXN/USD) against the actual payout received.
- Review the March 22, 2024, shareholder meeting resolutions for the full dividend structure.
- Check subsequent filings for the first installment details and total annual dividend yield.