Business Context and Reporting Period
Cemex, S.A.B. de C.V. (NYSE: CX) filed Form 6-K on June 5, 2026, to announce the payment schedule for the first installment of a cash dividend declared at its Ordinary General Shareholders' Meeting on March 26, 2026.
Key Financial Metrics
- Total Dividend Declared: USD $180 million.
- Installment Structure: Four equal installments of USD $45.0 million each.
- First Installment Amounts:
- Series A and Series B shares: Approximately USD $0.001039 per share.
- Ordinary Participation Certificates (CPO): Approximately USD $0.003117 per CPO.
- American Depositary Shares (ADS): Approximately USD $0.031170 per ADS.
- Tax Status: No tax withholding applies as the dividend is funded from the Net Tax Profit Account (CUFIN) as of December 31, 2013.
Material Changes and Payment Schedule
The filing details the execution of the previously declared dividend. The first installment is payable against the delivery of coupon 159. The payment schedule is as follows:
- First Installment: Payable to Mexican shareholders on June 18, 2026 (in Mexican Pesos based on the June 16, 2026 exchange rate); expected payment to ADS holders on or around June 29, 2026.
- Second Installment: Expected starting September 17, 2026.
- Third Installment: Expected starting December 16, 2026.
- Fourth Installment: Expected starting March 3, 2027.
Guidance, Outlook, and Risks
The filing does not provide new financial guidance, operational outlook, or risk factors beyond the standard execution of the dividend plan. The primary contingency noted is the determination of the final dividend amounts in Mexican Pesos, which depends on the exchange rate set by the Bank of Mexico on June 16, 2026. Final amounts will be announced by no later than June 16, 2026.
Investor Verification Checklist
- Verify the record date of June 17, 2026, to confirm eligibility for the first installment.
- Confirm the final dividend amount per share/CPO/ADS once the Bank of Mexico exchange rate is announced on June 16, 2026.
- Note that the last day to acquire shares with payment rights for this installment is June 16, 2026.
- Confirm that the dividend is tax-free for the recipient due to the CUFIN funding source.