Methanex Corp. (NASDAQ:MEOH) (TSE:MX) declared a quarterly dividend on Friday, November 18th. Shareholders of record on Saturday, December 17th will be paid a dividend of 0.275 per share on Saturday, December 31st. This represents a $1.10 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, December 14th.

Shares of Methanex Corp. (NASDAQ:MEOH) traded up 0.53% on Friday, reaching $37.95. The company’s stock had a trading volume of 455,687 shares. The stock has a 50-day moving average price of $36.84 and a 200-day moving average price of $31.84. The company’s market capitalization is $3.41 billion. Methanex Corp. has a 1-year low of $22.73 and a 1-year high of $41.49.

Methanex Corp. (NASDAQ:MEOH) last issued its quarterly earnings results on Wednesday, October 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.20. The company had revenue of $2.48 million for the quarter, compared to the consensus estimate of $2.09 million. Methanex Corp. had a negative return on equity of 2.57% and a negative net margin of 1.45%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. On average, equities research analysts forecast that Methanex Corp. will post ($0.58) EPS for the current year.

Dividend History for Methanex Corp. (NASDAQ:MEOH)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in shares of Methanex Corp. by 11.0% in the second quarter. Parametric Portfolio Associates LLC now owns 18,385 shares of the company’s stock worth $535,000 after buying an additional 1,818 shares in the last quarter. Raymond James & Associates boosted its position in Methanex Corp. by 2.3% in the second quarter. Raymond James & Associates now owns 127,481 shares of the company’s stock worth $3,710,000 after buying an additional 2,823 shares during the period. Hsbc Holdings PLC purchased a new position in Methanex Corp. during the third quarter worth about $251,000. US Bancorp DE boosted its position in Methanex Corp. by 25.9% in the second quarter. US Bancorp DE now owns 35,223 shares of the company’s stock worth $1,025,000 after buying an additional 7,251 shares during the period. Finally, Trexquant Investment LP purchased a new position in Methanex Corp. during the second quarter worth about $288,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Several brokerages have recently issued reports on MEOH. Cowen and Company lowered their price target on Methanex Corp. from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. RBC Capital Markets reiterated a “sector perform” rating and issued a $54.50 target price (up previously from $46.50) on shares of Methanex Corp. in a research note on Thursday, October 27th. Zacks Investment Research upgraded shares of Methanex Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday, October 21st. Jefferies Group reiterated a “buy” rating and issued a $41.00 target price on shares of Methanex Corp. in a research note on Thursday, October 20th. Finally, TD Securities cut shares of Methanex Corp. from a “buy” rating to a “hold” rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, October 28th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.70.

Methanex Corp. Company Profile

Methanex Corporation is a producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

5 Day Chart for NASDAQ:MEOH

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