The ex-dividend date for Methanex Corporation (Nasdaq:MEOH) is tomorrow, June 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $29.17 as of 9:31 a.m., the dividend yield is 2.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Methanex Corporation (Nasdaq: MEOH) is tomorrow, June 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $29.17 as of 9:31 a.m. ET, the dividend yield is 2.3%. The average volume for Methanex has been 260,500 shares per day over the past 30 days. Methanex has a market cap of $2.8 billion and is part of the basic materials sector and chemicals industry. Shares are down 4% year to date as of the close of trading on Friday. Methanex Corporation, together with its subsidiaries, engages in the production, marketing, and sale of methanol. The company also purchases and re-sells methanol produced by others. The company has a P/E ratio of 25.3, below the average chemicals industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Methanex as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Methanex Ratings Report. See our dividend calendar or top-yielding stocks list.