Business Context and Reporting Period
Cemex, S.A.B. de C.V. (NYSE: CX) filed a Form 6-K on December 9, 2024, announcing the payment of the third installment of a cash dividend approved at the Ordinary General Shareholders' Meeting held on March 22, 2024.
Key Financial Metrics
The filing details specific dividend distributions rather than operational financial metrics such as revenue, profit, or cash flow.
- Dividend Installment Amount: USD $30 million total.
- Per Share Distribution:
- Ordinary Shares: $0.013886 Mexican pesos (approx. USD $0.000689).
- Ordinary Participation Certificates (CPO): $0.041658 Mexican pesos (approx. USD $0.002067).
- American Depositary Shares (ADS): USD $0.020670 per ADS.
- Exchange Rate Applied: 20.1547 Mexican pesos per USD (Banco de México rate as of December 9, 2024).
- 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 revenue, profit, margins, debt, or liquidity compared to prior periods. It solely addresses the execution of a previously approved dividend payment schedule.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a procedural announcement regarding the timing and calculation of a specific dividend payment.
- Payment Dates:
- Bearer shares and CPO holders: December 11, 2024 (in Mexican Pesos).
- ADS holders: On or around December 18, 2024.
Investor Verification Checklist
- Verify the record date for the third dividend installment to ensure eligibility.
- Confirm the actual receipt of funds on the stated payment dates (December 11 or 18, 2024).
- Validate the exchange rate used for conversion if holding non-USD denominated shares.
- Note that this dividend is tax-exempt in Mexico due to its source from the 2013 CUFIN account.