Mexican cement company Cemex SAB said Wednesday that 96.9 per cent of its shareholders received new shares in lieu of cash as part of the company’s dividend programme. Cemex issued a total of 284m CPO shares under its stock dividend programme, the company said in a filing with the Mexican Stock Exchange. Shareholders received one CPO share for every 27.57 shares held.
Cemex also paid out a total of about US$20.6m to the 3.1 per cent of shareholders who chose to receive cash. CPO shares were up 1.1 per cent to MXN30 (US$2.91) in early trading Thursday.