Myers Industries Inc. (MYE) to Issue Quarterly Dividend of $0.14 on January 3rd
Myers Industries Inc. (NYSE:MYE) declared a quarterly dividend on Monday, November 21st. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.135 per share on Tuesday, January 3rd. This represents a $0.54 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, November 30th.
Myers Industries (NYSE:MYE) opened at 15.00 on Friday. The firm has a market capitalization of $448.83 million, a price-to-earnings ratio of 140.19 and a beta of 1.51. Myers Industries has a 12 month low of $10.12 and a 12 month high of $15.86. The firm’s 50-day moving average is $12.95 and its 200 day moving average is $13.95.
Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The company had revenue of $132.70 million for the quarter, compared to analyst estimates of $131.65 million. Myers Industries had a return on equity of 15.52% and a net margin of 0.48%. Myers Industries’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. Equities analysts predict that Myers Industries will post $0.46 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. raised its position in Myers Industries by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 604,263 shares of the company’s stock valued at $7,849,000 after buying an additional 3,190 shares during the period. BlackRock Group LTD raised its position in Myers Industries by 18.3% in the third quarter. BlackRock Group LTD now owns 24,790 shares of the company’s stock valued at $322,000 after buying an additional 3,842 shares during the period. Rhumbline Advisers raised its position in Myers Industries by 3.2% in the third quarter. Rhumbline Advisers now owns 37,410 shares of the company’s stock valued at $486,000 after buying an additional 1,165 shares during the period. TIAA CREF Investment Management LLC raised its position in Myers Industries by 13.9% in the third quarter. TIAA CREF Investment Management LLC now owns 90,928 shares of the company’s stock valued at $1,181,000 after buying an additional 11,087 shares during the period. Finally, BlackRock Fund Advisors raised its position in Myers Industries by 5.9% in the third quarter. BlackRock Fund Advisors now owns 1,561,906 shares of the company’s stock valued at $20,289,000 after buying an additional 87,574 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Myers Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th.
Myers Industries Company Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products.
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