CEMEX, S.A.B. de C.V. to Issue Variable Dividend of $0.02 (NYSE:CX)

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) declared a Variable dividend on Tuesday, September 3rd, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.021 per share by the construction company on Tuesday, September 24th. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 13th.

CEMEX Price Performance

Shares of CEMEX stock traded up $0.08 on Thursday, hitting $5.85. The company had a trading volume of 19,319,626 shares, compared to its average volume of 8,066,813. The business has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $7.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. The company has a market cap of $8.47 billion, a PE ratio of 41.75 and a beta of 1.47. CEMEX has a 52 week low of $5.66 and a 52 week high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The business had revenue of $4.49 billion during the quarter. Research analysts expect that CEMEX will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

CX has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on shares of CEMEX in a research report on Tuesday, May 14th. They issued an "underperform" rating and a $9.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of CEMEX in a research report on Wednesday, July 10th. They issued a "buy" rating and a $9.00 price target for the company. JPMorgan Chase & Co. restated an "overweight" rating and issued a $8.00 price target on shares of CEMEX in a research report on Wednesday, August 21st. Barclays upgraded shares of CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price target for the company in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of CEMEX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $8.70.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.