Methanex Co. (TSE:MX) (NASDAQ:MEOH) announced a quarterly dividend on Friday, July 21st, Zacks reports. Investors 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 dividend yield of 1.98%. 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 down 0.33% during mid-day trading on Friday, hitting $60.60. The company had a trading volume of 385,669 shares. The firm’s 50 day moving average is $57.80 and its 200-day moving average is $59.40. Methanex has a 12-month low of $38.09 and a 12-month high of $69.88. The firm has a market cap of $5.22 billion and a PE ratio of 23.58.

MX has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a C$57.00 price objective on shares of Methanex in a research report on Thursday, July 6th. Scotiabank restated a “sector perform” rating and issued a C$69.00 price objective 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of C$59.50.

In other Methanex news, insider Simon Christopher Maddren sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of C$56.15, for a total transaction of C$280,750.00. Insiders have sold a total of 5,300 shares of company stock valued at $294,070 in the last quarter.

TRADEMARK VIOLATION NOTICE: “Methanex Co. (MX) Announces Dividend Increase – $0.30 Per Share” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/09/methanex-co-mx-announces-dividend-increase-0-30-per-share.html.

Methanex Company Profile

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)

Receive News & Ratings for Methanex Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex Co. and related companies with MarketBeat.com's FREE daily email newsletter.