Myers Industries, Inc. Declares Quarterly Dividend of $0.14 (NYSE:MYE)

Myers Industries, Inc. (NYSE:MYE) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.135 per share by the industrial products company on Friday, January 3rd. This represents a $0.54 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, December 5th.

Shares of NYSE:MYE opened at $16.45 on Tuesday. The firm has a market capitalization of $587.86 million, a PE ratio of 21.64 and a beta of 1.56. The company has a quick ratio of 1.61, a current ratio of 2.10 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $17.17. Myers Industries has a twelve month low of $14.24 and a twelve month high of $19.55.

Myers Industries (NYSE:MYE) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $125.48 million for the quarter, compared to analyst estimates of $134.90 million. Myers Industries had a net margin of 3.90% and a return on equity of 17.53%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Analysts anticipate that Myers Industries will post 0.77 earnings per share for the current fiscal year.

MYE has been the subject of a number of analyst reports. ValuEngine raised Myers Industries from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered Myers Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Finally, Cowen raised Myers Industries from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $20.00 to $22.00 in a report on Tuesday, August 27th.

In other news, Director Ronald M. Defeo acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $16.25 per share, for a total transaction of $162,500.00. Following the completion of the transaction, the director now owns 11,570 shares of the company’s stock, valued at $188,012.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Myers Industries Company Profile

Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.

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Dividend History for Myers Industries (NYSE:MYE)

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