Business Context and Reporting Period
This Form 6-K filing by CEMEX SAB DE CV (NYSE: CX) is dated February 28, 2025. The report announces the payment of the fourth and final installment of a cash dividend declared at the Ordinary General Shareholders' Meeting on March 22, 2024.
Key Financial Metrics
- Total Dividend Declaration: USD $120 million aggregate amount.
- Installment Structure: Four equal installments of USD $30 million each.
- Current Installment (4th): USD $30 million.
- Dividend Per Unit: Approximately USD $0.000689 per share; USD $0.002067 per CPO; USD $0.020670 per ADS.
- Tax Status: No tax withholding applies as the dividend is sourced from the Net Tax Profit Account (CUFIN) as of December 31, 2013.
- Revenue, Profit, Cash Flow, Debt, Liquidity: The filing text does not provide a clear value for these operational financial metrics.
Material Changes
This filing represents the final distribution of a previously declared dividend program. There are no reported material changes to the company's operations, financial position, or debt structure within this specific document.
Guidance, Outlook, and Payment Schedule
Management has outlined the following schedule for the fourth installment:
- Record Date: March 10, 2025.
- Final Amount Announcement: By no later than March 7, 2025.
- Last Day to Acquire with Rights: March 7, 2025.
- Payment to Bearer Shares and CPO Holders: March 11, 2025 (in Mexican Pesos at the Bank of Mexico exchange rate on March 7, 2025).
- Payment to ADS Holders: On or around March 18, 2025.
The filing contains no new guidance, outlook, risk factors, or contingencies beyond the execution of this dividend payment.
Investor Verification Checklist
- Verify the exchange rate used for CPO and bearer share payments on March 7, 2025, to confirm the final peso amount.
- Confirm the exact final dividend per ADS and CPO when announced by March 7, 2025.
- Ensure holdings are recorded by the March 10, 2025 record date to receive the payment.
- Note that this dividend is tax-exempt in Mexico due to its source from the 2013 CUFIN account.