Business Context and Reporting Period
Cemex, S.A.B. de C.V. (NYSE: CX) filed Form 6-K on September 3, 2024, to announce the payment of the second installment of a cash dividend declared at its Ordinary General Shareholders' Meeting on March 22, 2024.
Key Financial Metrics
The filing details a specific dividend distribution rather than operational financial performance metrics.
- Total Dividend Declaration: USD $120 million (payable in four equal installments).
- Current Installment Amount: USD $30 million (second of four).
- 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.
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 corporate action regarding capital distribution. There are no reported material changes to operations, financial position, or market conditions compared to the prior period within this document.
Guidance, Outlook, and Risks
Payment Schedule:
- Record Date: September 13, 2024.
- Ex-Dividend Date: September 12, 2024.
- Payment to CPO/Bearer Holders: September 17, 2024 (in Mexican Pesos at the Bank of Mexico rate on September 12).
- Payment to ADS Holders: On or around September 24, 2024.
- Future Installments: Third installment scheduled for December 11, 2024; fourth installment scheduled for March 11, 2025.
Management Commentary: The company intends to announce final dividend amounts per share by September 12, 2024. Payment requires the delivery of coupon 152 adhered to share certificates.
Investor Verification Checklist
- Verify share ownership status as of the September 13, 2024 record date.
- Confirm the exchange rate used for Mexican Peso conversions on September 12, 2024, for CPO holders.
- Ensure coupon 152 is attached to share certificates for eligible payment.
- Monitor the announcement of final dividend amounts expected by September 12, 2024.