Dividends

At CEMEX, S.A.B. de C.V.’s Ordinary General Shareholders Meeting held on March 28, 2019, a cash dividend was declared in the amount of U.S.$150 million, payable in two equal installments, on June 17, 2019 and December 17, 2019. The second, and final, installment of the cash dividend will be paid to CEMEX CPO holders on or around December 17, 2019 in Mexican Pesos. CEMEX ADS holders are expected to receive the second, and final, installment of the cash dividend on December 18, 2019.

CEMEX CPO and ADS holders as of the record date of December 16, 2019, will be entitled to receive the second, and final, installment of the cash dividend (U.S.$75 million). The last date to acquire CEMEX CPOs with dividend rights is on December 11, 2019 and the last day to acquire CEMEX ADSs with dividend rights is on December 12, 2019. CEMEX will proceed to make payment of the second, and final, installment of the cash dividend at the rate of approximately U.S.$0.001654 per share, against the delivery of coupon 150 (one hundred and fifty) adhered to the share certificates representing all of the outstanding shares that integrate the capital stock. CEMEX CPO holders will receive a cash dividend of approximately U.S.$0.004962 per CPO and CEMEX ADS holders will receive a cash dividend of approximately U.S.$0.049620 per ADS. The final cash dividend to CEMEX CPO holders to be paid in Mexican Pesos on or around December 17, 2019 will be determined by applying the exchange rate determined by Banco de México on December 13, 2019.

The declared dividend comes from the Net Tax Profit Account (Cuenta de Utilidad Fiscal Neta or CUFIN) generated until December 31, 2013, therefore no withholding tax will be generated for the payment of this dividend. Furthermore, dividend payments to non-residents of Mexico will not be subject to withholding tax in Mexico.

The following table shows the dividend paid for the period from 2004 to 2008 and the dividend expected to be paid in year 2019.

¹Dividends from 2004 to 2005 were declared in Mexican pesos. However, ADS holders electing cash received the dividend in U.S. dollars. These amounts represent the approximate U.S. dollar amount distributed to ADS holders. Dividends from 2006 to 2008 and 2019 were declared in U.S. dollars, the amounts shown in this table have been rounded.

CEMEX's shares are traded on the Mexican stock exchange in the form of Ordinary Participation Certificates, or CPOs, and on the New York Stock Exchange in the form of American Depositary Shares, or ADSs. The depositary bank for CEMEX's ADS program is Citibank, N.A.