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Dividends are declared by our shareholders at a general ordinary meeting. The dividend declaration is usually based upon the recommendation of our board of directors.
For 2009 and 2010, CEMEX announced an increase in the capital stock of the Company in its variable portion through capitalization of retained earnings. For additional information on the 2010 capitalization program please click here.
The following table shows the dividend for the period of 2004 to 2008.
| Year |
ADR ex-dividend date |
Cash dividend 1 |
USD equivalent 2 |
Stock option |
| 2008 |
May 6, 2008 |
|
0.84 |
20% discount |
|
| 2007 |
May 8, 2007 |
|
0.75 |
20% discount |
|
| 2006 |
May 5, 2006 |
|
0.67 |
20% discount |
|
| 2005 |
May 6, 2005 |
6.50 |
0.61 |
20% discount |
|
| 2004 |
May 6, 2004 |
5.88 |
0.51 |
20% discount |
|
1Mexican pesos per ADR
2Dividends from 2004 to 2005 were declared in Mexican pesos. However, ADR holders electing cash received the dividend in U.S. dollars. These amounts represent the approximate U.S. dollar amount distributed to ADR holders. Dividends in 2006 and 2008 were declared in U.S. dollars.
Our board of directors will continue to base their recommendation whether to continue to pay dividends and the amount of those dividends on, among other things, our earnings, cash flow, capital requirements, financial condition, and other relevant factors.
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