Methanex Co. (MX) Declares Dividend Increase – $0.30 Per Share

Methanex Co. (TSE:MX) (NASDAQ:MEOH) announced a quarterly dividend on Friday, July 21st, Zacks reports. Shareholders of record on Saturday, September 16th will be paid a dividend of 0.30 per share on Saturday, September 30th. This represents a $1.20 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Methanex’s previous quarterly dividend of $0.28.

Shares of Methanex (TSE:MX) traded up 0.63% during midday trading on Wednesday, hitting $63.99. 315,558 shares of the stock traded hands. Methanex has a 52 week low of $40.32 and a 52 week high of $69.88. The stock has a market capitalization of $5.51 billion and a P/E ratio of 24.90. The firm has a 50-day moving average price of $59.10 and a 200-day moving average price of $59.04.

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Several equities analysts recently weighed in on MX shares. BMO Capital Markets restated an “outperform” rating and set a C$57.00 price target on shares of Methanex in a research report on Monday, September 18th. Scotiabank restated a “sector perform” rating and set a C$69.00 price target on shares of Methanex in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$59.50.

In other Methanex news, insider David Valembois sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$51.90, for a total transaction of C$103,800.00. Also, insider Simon Christopher Maddren sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$56.15, for a total transaction of C$280,750.00. In the last 90 days, insiders have sold 7,400 shares of company stock valued at $402,855.

About Methanex

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by

Shares of Methanex (TSE:MX) traded up 0.63% during midday trading on Wednesday, hitting $63.99. 315,558 shares of the stock traded hands. Methanex has a 52 week low of $40.32 and a 52 week high of $69.88. The stock has a market capitalization of $5.51 billion and a P/E ratio of 24.90. The firm has a 50-day moving average price of $59.10 and a 200-day moving average price of $59.04.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/09/28/methanex-co-mx-to-go-ex-dividend-on-september-14th.html.

Several equities analysts recently weighed in on MX shares. BMO Capital Markets restated an “outperform” rating and set a C$57.00 price target on shares of Methanex in a research report on Monday, September 18th. Scotiabank restated a “sector perform” rating and set a C$69.00 price target on shares of Methanex in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$59.50.

In other Methanex news, insider David Valembois sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$51.90, for a total transaction of C$103,800.00. Also, insider Simon Christopher Maddren sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$56.15, for a total transaction of C$280,750.00. In the last 90 days, insiders have sold 7,400 shares of company stock valued at $402,855.

About Methanex

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Dividend History for Methanex (TSE:MX)

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