Methanex Co. Declares Quarterly Dividend of C$0.25 (MX)
Methanex (TSE:MX) declared a Quarterly dividend on Thursday, June 12th, Stock Ratings News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Monday, June 30th. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of analysts have recently weighed in on MX shares. Analysts at TD Securities upgraded shares of Methanex to a “buy” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$60.50.
Shares of Methanex (TSE:MX) opened at 65.11 on Thursday. Methanex has a 1-year low of $42.35 and a 1-year high of $81.24. The stock’s 50-day moving average is $65.34 and its 200-day moving average is $67.32. The company has a market cap of $6.285 billion and a P/E ratio of 14.27.
Methanex (TSE:MX) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.99 by $0.34. On average, analysts predict that Methanex will post $5.19 earnings per share for the current fiscal year.
Methanex Corporation (TSE:MX) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.
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