Most of Mexico Cemex holders opt for stock dividend

MONTERREY, Mexico, June 4 (Reuters) - Mexico's Cemex, the world's third-biggest cement producer, said on Wednesday that nearly all of its shareholders opted for a dividend payment in stock.

The stock or cash dividend was originally approved in an April meeting.

Cemex (CX.N) (CMXCPO.MX), with operations in more than 50 countries around the world, said that 96.9 percent of its shareholders decided to receive new shares in exchange for the ones they currently own. The company will issue 284 million of new CPO shares to cover this payment.

Holders will get a new CPO share for every 27.572516 old CPO shares and one new CPO share for every 82.717549 old "A" or "B" shares.

Cemex will pay nearly $21 million to the 3.1 percent of stockholders who opted for a cash dividend. (Reporting by Gabriela Lopez; editing by Carol Bishopric)