Methanex Corporation (NASDAQ:MEOH) Declares $0.19 Quarterly Dividend

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Wednesday, December 17th will be paid a dividend of 0.185 per share by the specialty chemicals company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 17th.

Methanex has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Methanex has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Methanex to earn $4.85 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 15.3%.

Methanex Stock Down 1.0%

Shares of MEOH stock traded down $0.35 on Tuesday, hitting $35.36. 443,934 shares of the stock were exchanged, compared to its average volume of 537,233. The business has a 50-day moving average of $37.46 and a 200 day moving average of $35.28. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 1.00. Methanex has a fifty-two week low of $25.46 and a fifty-two week high of $54.49. The firm has a market capitalization of $2.73 billion, a P/E ratio of 11.99 and a beta of 1.01.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, October 29th. The specialty chemicals company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.45). The business had revenue of $924.87 million during the quarter, compared to the consensus estimate of $977.82 million. Methanex had a net margin of 5.97% and a return on equity of 9.30%. Methanex’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Equities analysts anticipate that Methanex will post 4.32 EPS for the current 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.