Asia FX rises; US-Japan trade deal boosts yen, won to 2-week highs
Cemex SAB (NYSE:CX) de CV ADR has reached a new 52-week high, with its stock price climbing to $7.34. This milestone reflects a notable positive shift in the company’s performance over the past year. According to InvestingPro analysis, the $11.1 billion market cap company is currently trading below its Fair Value, suggesting potential upside opportunity. The cement giant has experienced a 9.73% increase in its stock price over the last 12 months, underscoring a period of growth and investor confidence. The company’s momentum is even more impressive with a 28.7% year-to-date return and a strong 27.6% gain over the past six months. InvestingPro has identified 8 additional key investment tips for Cemex, available to subscribers. This recent peak marks a significant achievement for Cemex, as it continues to navigate the competitive landscape of the construction materials industry. Trading at a P/E ratio of 12.2, the stock’s upward trajectory highlights the company’s resilience and strategic initiatives aimed at enhancing shareholder value. For comprehensive analysis and detailed insights, access the full Pro Research Report available on InvestingPro.
In other recent news, Cemex announced the successful completion of a $1 billion subordinated perpetual notes offering. The proceeds from this transaction are intended for general corporate purposes, including debt repayment and other financial obligations. The notes were sold to qualified institutional buyers under U.S. regulations and to non-U.S. persons outside the United States. Cemex emphasized that these notes have not been registered under the U.S. Securities Act or any state securities laws. Additionally, Cemex has declared a cash dividend totaling $130 million, as approved at its Ordinary General Shareholders’ Meeting. The dividend will be distributed in four equal installments, with the first payment scheduled for June 18, 2025. Holders of Cemex Ordinary Participation Certificates and American Depositary Shares as of June 17, 2025, are eligible for the first installment. The dividend payments will be made in Mexican Pesos, with no tax withholding, based on the exchange rate set by Banco de México. These developments reflect Cemex’s ongoing financial strategies and shareholder engagement.
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