Cemex cement company was founded more than 116 years ago in Monterrey, Mexico. Today, it is a multinational with operations in 50 countries.
Cemex cement ranks third in sales of this product, with 92 million tons. With that amount, it supplies its markets in America, Europe, Africa, and Asia.
Currently, the company has 64 cement plants, 1,348 ready-mix concrete plants, and 269 distribution centers on four continents. Considering these data, knowing the Cemex CPO share price is attractive.
You can check the historical Cemex share price on its website or specialized sites.
It should be mentioned that the company is listed on two exchanges: the Mexican Stock Exchange (BMV) and the New York Stock Exchange (NYSE).
At the time of our review, the price of its shares on the BMV was 9.93, representing a fall of 1.29% compared to the previous day.
- Currency: MXN
- Market: BMV
- Symbol: CEMEX/CPO
According to the New York Stock Exchange, the value of its shares is USD 5.29, evidencing a fall of 1.49% compared to the previous day.
- Currency: USD
- Market: NYSE
- Symbol: CX
That is the price of its shares in the two stock exchanges in which the Cemex company operates. Until the end of 2021, there were 559,579,520 shares outstanding, not counting the shares held by the company itself.
America’s most crucial cement company has been buying back its dollar bonds to improve its debt numbers and make its shares more attractive for investment.
Headed by Fernando Ángel González Olivieri, director of Cemex, the company recently announced the purchase of 400 million dollars in bonds with maturity dates in 2029, 2030, and 2031.
It must be remembered that the cement giant lost its investment status in 2009 due to a drop in demand in the United States and Mexico.
The last time Cemex paid dividends was on December 17, 2019, with a dividend of 0.094551, with a yield of 2.7%.
Since then, the company has not paid any more dividends. Cemex’s margin assured that it would maintain its buyback fund attitude.
They were emphatic in saying that they do not have in mind the delivery of dividends in cash or shares.
Cemex’s main competitors
As in any industry, Cemex has competitors; some are at its level, and others are trying. Here is a list of the competitors:
- Eagle Materials
- Pacasmayo Cement
- Black Hill
Although Cemex is one of America’s most important construction companies, only some investment platforms offer the possibility of buying CX shares.
So, the first step will be finding an investment platform offering shares. Afterwards, it would be best if you did the following:
- Open an account on the investment platform or broker.
- Deposit into your account, respecting the minimum limit and considering what you plan to invest.
- Next, locate Cemex within the forum.
- Then, buy the CX shares you have in mind.
Now that you know everything about the shares of one of the essential cement companies in the world, it’s time to apply the investment strategy.