Methanex Stock To Go Ex-dividend Tomorrow (MEOH)

NEW YORK ( TheStreet) -- The ex-dividend date for Methanex Corporation (Nasdaq: MEOH) is tomorrow, December 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $56.87 as of 9:50 a.m. ET, the dividend yield is 1.4%.

The average volume for Methanex has been 718,200 shares per day over the past 30 days. Methanex has a market cap of $5.53 billion and is part of the basic materials sector and chemicals industry. Shares are up 81.2% year to date as of the close of trading on Wednesday.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others. The company has a P/E ratio of 96.3, 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 revenue growth, increase in net income, good cash flow from operations, 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 has had somewhat disappointing return on equity. You can view the full Methanex Ratings Report.

See our dividend calendar or top-yielding stocks list.

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