Myers Industries Inc. Plans Quarterly Dividend of $0.13 (MYE)
Myers Industries (NYSE:MYE) announced a quarterly dividend on Monday, August 4th, AnalystRatings.Net reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.13 per share on Monday, October 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.79%.
MYE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Myers Industries from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $18.00 price target on the stock.
Shares of Myers Industries (NYSE:MYE) traded up 1.24% during mid-day trading on Monday, hitting $18.84. The stock had a trading volume of 12,095 shares. Myers Industries has a one year low of $17.13 and a one year high of $24.74. The stock has a 50-day moving average of $19.36 and a 200-day moving average of $20.25. The company has a market cap of $610.9 million and a P/E ratio of 39.26.
Myers Industries (NYSE:MYE) last announced its earnings results on Thursday, July 24th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.04. The company had revenue of $152.78 million for the quarter, compared to the consensus estimate of $209.90 million. On average, analysts predict that Myers Industries will post $0.89 earnings per share for the current fiscal year.
Myers Industries, Inc (NYSE:MYE) is an international manufacturing and distribution company.
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