Methanex Co. (MEOH) to Issue Quarterly Dividend of $0.30 on December 31st

Methanex Co. (NASDAQ:MEOH) (TSE:MX) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Sunday, December 17th will be given a dividend of 0.30 per share by the specialty chemicals company on Sunday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, December 14th.

Methanex (MEOH) opened at $53.05 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.17 and a current ratio of 1.59. The stock has a market cap of $4,457.00, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.82. Methanex has a one year low of $39.47 and a one year high of $55.10.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $720.00 million during the quarter, compared to analyst estimates of $614.19 million. Methanex had a net margin of 9.81% and a return on equity of 16.02%. Methanex’s revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS. equities research analysts predict that Methanex will post 3.72 earnings per share for the current fiscal year.

MEOH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Methanex from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, October 3rd. TD Securities upped their price target on shares of Methanex to $71.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Jefferies Group upped their price target on shares of Methanex to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Cowen reaffirmed a “buy” rating and issued a $55.00 price target on shares of Methanex in a research note on Friday, September 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 price target on shares of Methanex in a research note on Friday, November 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.53.

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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 (NASDAQ:MEOH)

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