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

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH announced a quarterly dividend on Thursday, July 17th, RTT News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.185 per share on Tuesday, September 30th. This represents a $0.74 annualized dividend and a yield of 1.61%.

Methanex Trading Down 0.7%

Methanex stock traded down C$0.31 during trading hours on Monday, reaching C$46.03. The stock had a trading volume of 102,005 shares, compared to its average volume of 206,688. The company has a fifty day simple moving average of C$46.74 and a 200-day simple moving average of C$53.39. The stock has a market cap of C$2.19 billion, a PE ratio of 14.47, a PEG ratio of 0.44 and a beta of 1.79. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. Methanex has a 52 week low of C$36.10 and a 52 week high of C$78.18.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Rich Sumner acquired 1,479 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of C$50.65 per share, for a total transaction of C$74,907.36. Company insiders own 0.35% of the company's stock.

Methanex Company Profile

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.