Methanex Corporation (USA)(NASDAQ:MEOH) Declares Dividend of $0.2750.

Methanex Corporation (USA) (NASDAQ:MEOH) had declared a cash dividend of $0.2750 on Jul 14, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed for Sep 16, 2016. On Jul 14, 2016 share price, the yield comes out to be 3.7543%. The dividend payable date has been fixed on Sep 30, 2016.

In a different note, On Jul 5, 2016, CIBC said it Upgrades its rating on Methanex Corporation (USA). The shares have been rated ‘Outperform’ by the firm. On May 17, 2016, Raymond James said it Upgrades its rating on Methanex Corporation (USA). The shares have been rated ‘Strong Buy’ by the firm.

Methanex Corporation (USA) (MEOH) shares turned negative on Mondays trading session with the shares closing down -0.05 points or -0.17% at a volume of 6,93,502. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.6986. The peak price level was also seen at $29.6986 while the days lowest was $28.695. Finally the shares closed at $29.39. The 52-week high of the shares is $48.92 while the 52-week low is $22.73. According to the latest information available, the market cap of the company is $2,639 M.

Methanex Corporation (USA)(MEOH) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $450.00M. Analysts had an estimated revenue of $445.80M. Earnings per share were $-0.27. Analysts had estimated an EPS of $-0.19.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific North America Europe and South America. The Company operates three production facilities in New Zealand which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad Titan and Atlas supply methanol markets in North America Europe Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt located on the Mediterranean Sea supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat Alberta supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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