Methanex Corporation Announces Quarterly Dividend of $0.20 (MEOH)
Methanex Corporation (NASDAQ:MEOH) declared a quarterly dividend on Thursday, January 30th, American Banking and Market News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.20 per share on Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%.
Several analysts have recently commented on the stock. Analysts at Scotiabank upgraded shares of Methanex Corporation from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday. On a related note, analysts at Raymond James upgraded shares of Methanex Corporation from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 20th. They now have a $68.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Methanex Corporation in a research note to investors on Tuesday, December 10th. They now have a $61.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $57.89.
Methanex Corporation (NASDAQ:MEOH) traded up 8.12% during mid-day trading on Thursday, hitting $61.296. 3,413,541 shares of the company’s stock traded hands. Methanex Corporation has a 52 week low of $33.93 and a 52 week high of $65.16. The stock has a 50-day moving average of $57.90 and a 200-day moving average of $53.94. The company has a market cap of $5.865 billion and a price-to-earnings ratio of 88.72.
Methanex Corporation (NASDAQ:MEOH) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.51 by $0.95. Analysts expect that Methanex Corporation will post $4.68 EPS for the current fiscal year.
Methanex Corporation (NASDAQ:MEOH) produces and markets methanol, a chemical that is used to make a range of industrial, consumer and energy products.
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