Methanex Co. (TSE:MX) Declares Quarterly Dividend of $0.19

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH announced a quarterly dividend on Thursday, July 17th, RTT News reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.185 per share on Tuesday, September 30th. This represents a $0.74 annualized dividend and a dividend yield of 1.58%.

Methanex Trading Up 3.0%

TSE:MX traded up C$1.36 on Thursday, reaching C$46.82. The company's stock had a trading volume of 192,385 shares, compared to its average volume of 208,320. The stock has a 50 day moving average price of C$46.68 and a 200 day moving average price of C$53.98. Methanex has a 12-month low of C$36.10 and a 12-month high of C$78.18. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53.

Insider Activity

In other Methanex news, Director Rich Sumner acquired 1,479 shares of Methanex stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of C$50.65 per share, for a total transaction of C$74,907.36. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MX has been the subject of a number of research reports. Scotiabank set a C$53.00 price target on Methanex and gave the stock an "outperform" rating in a research note on Friday, June 13th. Raymond James Financial set a C$40.00 price target on Methanex and gave the stock an "outperform" rating in a research report on Friday, June 13th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$46.50.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.

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