Methanex Stock To Go Ex-dividend Tomorrow (MEOH)

NEW YORK ( TheStreet) -- The ex-dividend date for Methanex Corporation (Nasdaq: MEOH) is tomorrow, December 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 $22.98 as of 10:09 a.m. ET, the dividend yield is 2.9%.

The average volume for Methanex has been 338,200 shares per day over the past 30 days. Methanex has a market cap of $2.17 billion and is part of the basic materials sector and chemicals industry. Shares are down 23.6% year to date as of the close of trading on Monday.

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 13.5, below the average chemicals industry P/E ratio of 13.7 and below 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, compelling growth in net income, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Methanex Ratings Report.

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