Methanex Co. (TSE:MX) to Issue Quarterly Dividend of $0.47
Methanex Co. (TSE:MX) (NASDAQ:MEOH) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.471 per share on Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, September 13th.
Shares of MX stock traded down C$0.28 during trading hours on Wednesday, reaching C$47.93. 314,308 shares of the company were exchanged, compared to its average volume of 280,668. Methanex has a fifty-two week low of C$40.11 and a fifty-two week high of C$107.07. The stock’s fifty day moving average is C$45.41 and its two-hundred day moving average is C$62.33. The company has a market cap of $3.40 billion and a price-to-earnings ratio of 10.26. The company has a debt-to-equity ratio of 119.50, a current ratio of 1.04 and a quick ratio of 0.65.
Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.45 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.20). The company had revenue of C$982.35 million for the quarter, compared to analyst estimates of C$973.33 million. On average, research analysts anticipate that Methanex will post 6.65 earnings per share for the current year.
Separately, BMO Capital Markets cut their price objective on shares of Methanex from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd.
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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