NEW YORK ( TheStreet) -- The ex-dividend date for Methanex Corporation (Nasdaq: MEOH) is tomorrow, March 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $28.27 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Methanex has been 396,100 shares per day over the past 30 days. Methanex has a market cap of $2.7 billion and is part of the basic materials sector and chemicals industry. Shares are down 6.6% year to date as of the close of trading on Friday. Methanex Corporation produces, markets, and supplies methanol that is used to make a range of industrial, consumer, and energy products. It also sources methanol produced by others. The company has a P/E ratio of 26.4, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.2. TheStreet Ratings rates Methanex as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Methanex Ratings Report. See our dividend calendar or top-yielding stocks list.