Methanex Co. (NASDAQ:MEOH) (TSE:MX) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Sunday, December 17th will be paid a dividend of 0.30 per share by the specialty chemicals company on Sunday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 14th.

Shares of Methanex (NASDAQ:MEOH) traded up $2.60 during midday trading on Wednesday, reaching $55.90. 999,900 shares of the company were exchanged, compared to its average volume of 781,606. The company has a market cap of $4,473.79, a price-to-earnings ratio of 16.20, a PEG ratio of 0.96 and a beta of 1.82. Methanex has a 1-year low of $39.47 and a 1-year high of $56.45. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $720.00 million during the quarter, compared to analyst estimates of $614.19 million. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. analysts predict that Methanex will post 3.72 EPS for the current year.

MEOH has been the subject of several analyst reports. Jefferies Group raised their price target on shares of Methanex to $60.00 and gave the stock a “buy” rating in a report on Tuesday, September 12th. TD Securities raised their price target on shares of Methanex from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada raised their price target on shares of Methanex from $50.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, October 27th. BidaskClub upgraded shares of Methanex from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Scotiabank raised their price target on shares of Methanex from $53.50 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $55.53.

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About Methanex

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 (NASDAQ:MEOH)

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