Cemex Sab De Cv (CX) has released an update.
Cemex S.A.B. de C.V., a major player in the building materials industry, has reported key resolutions from its recent Ordinary General Shareholders’ Meeting. The company confirmed the approval of the 2023 financial statements, the ratification of executive actions, and the declaration of a cash dividend to be paid in four equal installments starting June 2024. Additionally, Cemex plans to utilize up to $500 million for share buybacks and has extended its restricted stock incentive plan until the end of 2028.
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