Methanex Corporation (MEOH) to Issue Quarterly Dividend of $0.19 on June 30th

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.185 per share by the specialty chemicals company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 16th.

Methanex has raised its dividend payment by an average of 0.1%annually 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 $6.04 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 12.3%.

Methanex Trading Up 0.7%

Shares of MEOH opened at $59.39 on Friday. Methanex has a 1-year low of $32.00 and a 1-year high of $66.75. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average price is $60.43 and its 200-day moving average price is $51.45. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of -121.20 and a beta of 0.56.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.08). Methanex had a positive return on equity of 2.96% and a negative net margin of 1.25%.The business had revenue of $957.42 million for the quarter, compared to the consensus estimate of $964.76 million. During the same period in the previous year, the firm earned $1.30 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts anticipate that Methanex will post 8.18 EPS for the current year.

About Methanex

Methanex Corporation is a Vancouver, Canada–based company and one of the world’s largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company’s core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).