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.

In related news, Director Mark Allard bought 2,000 shares of Methanex stock in a transaction on Monday, August 12th. The shares were purchased at an average price of C$43.65 per share, for a total transaction of C$87,300.00. Following the completion of the acquisition, the director now owns 9,081 shares in the company, valued at C$396,385.65. Also, Director John Floren bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of C$44.00 per share, with a total value of C$880,000.00. Following the completion of the transaction, the director now directly owns 79,733 shares in the company, valued at approximately C$3,508,252.

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.

About Methanex

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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Dividend History for Methanex (TSE:MX)

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