Methanex Co. (TSE:MX) Plans Dividend Increase – $0.25 Per Share

Methanex Co. (TSE:MX) (NASDAQ:MEOH) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.25 per share on Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Methanex’s previous quarterly dividend of $0.25.

Methanex Price Performance

Shares of MX opened at C$65.24 on Friday. Methanex has a 12-month low of C$50.57 and a 12-month high of C$69.85. The business has a 50-day simple moving average of C$61.85 and a two-hundred day simple moving average of C$60.57. The company has a quick ratio of 1.59, a current ratio of 1.14 and a debt-to-equity ratio of 138.70. The stock has a market cap of C$4.40 billion, a PE ratio of 18.64, a PEG ratio of 0.44 and a beta of 1.94.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.48. Methanex had a return on equity of 12.35% and a net margin of 4.68%. The business had revenue of C$1.23 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. Analysts anticipate that Methanex will post 3.3199412 earnings per share for the current fiscal year.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.