GCC, S.A.B. de C.V., through its subsidiaries, produces, distributes, and sells gray Portland cement, ready-mix concrete, aggregates, and other building construction materials in Mexico and the United States. It offers cement; building materials, such as plastic, fabric, gravel mix, rebar, rock walls, patio stone, and decorative rock; and asphalt. The company also provides special products comprising Komponent, a shrinkage-compensating, expanding concrete additive; Metaforce, a reactive and consistent pozzolan that is used as an alternative for fly ash; Microsilex to be used in bridge decks and paving; Rapid Set, a solution for concrete applications; and Versabind, a cementitious that is used as filler in asphalt mixes as a replacement for lime. It distributes its products through distribution centers and independent wholesale distributors. The company was formerly known as Grupo Cementos de Chihuahua, S.A.B. de C.V. and changed its name to GCC, S.A.B. de C.V. in March 2021. GCC, S.A.B. de C.V. was founded in 1941 and is based in Chihuahua, Mexico. GCC, S.A.B. de C.V. is a subsidiary of CAMCEM, S.A. de C.V.
GCC Dividend Announcement
• GCC announced a annually dividend of Mex$1.54 per ordinary share which will be made payable on 2024-05-22. Ex dividend date: 2024-05-20
• GCC annual dividend for 2024 was Mex$1.54
• GCC annual dividend for 2023 was Mex$1.34
• GCC's trailing twelve-month (TTM) dividend yield is 0.81%
• GCC's payout ratio for the trailing twelve months (TTM) is 9.33%
• GCC's dividend growth over the last five years (2018-2023) was 13.42% year
• GCC's dividend growth over the last ten years (2013-2023) was 14.67% year
GCC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-20 | Mex$1.54 | annually | 2024-05-22 |
2023-05-22 | Mex$1.34 | annually | 2023-05-24 |
2022-05-13 | Mex$1.16 | annually | 2022-05-17 |
2021-08-13 | Mex$1.01 | annually | 2021-08-17 |
2021-01-07 | Mex$0.47 | annually | 2021-01-11 |
2020-08-05 | Mex$0.47 | annually | 2020-08-07 |
2019-08-13 | Mex$0.82 | annually | 2019-08-15 |
2018-08-09 | Mex$0.71 | annually | 2018-08-13 |
2017-08-02 | Mex$0.62 | annually | 2017-08-07 |
2016-06-13 | Mex$0.26 | annually | |
2016-05-09 | Mex$0.26 | annually | |
2015-10-08 | Mex$0.21 | annually | |
2015-08-10 | Mex$0.21 | annually | |
2014-11-05 | Mex$0.19 | annually | |
2014-09-12 | Mex$0.19 | annually | |
2013-12-04 | Mex$0.17 | annually | |
2013-10-03 | Mex$0.17 | annually |
GCC Dividend per year
GCC Dividend growth
GCC Dividend Yield
GCC current trailing twelve-month (TTM) dividend yield is 0.81%. Interested in purchasing GCC stock? Use our calculator to estimate your expected dividend yield:
GCC Financial Ratios
GCC Dividend FAQ
Other factors to consider when evaluating GCC as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: GCC's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, GCC publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, GCC distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from GCC are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: GCC sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, GCC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: GCC declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of GCC's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review GCC's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.