Cemex gives shares as dividends to 96.9 per cent of holders

Cemex gives shares as dividends to 96.9 per cent of holders
Published: 06 June 2008

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.