Methanex Co. (TSE:MX) Director Alejandro Larrive Sells 1,000 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$68.50, for a total value of C$68,500.00.

Methanex Trading Up 2.1 %

TSE:MX opened at C$68.51 on Wednesday. The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. Methanex Co. has a 1 year low of C$50.57 and a 1 year high of C$69.85. The stock has a market cap of C$4.62 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.44 and a beta of 1.94. The stock has a 50-day simple moving average of C$62.90 and a 200-day simple moving average of C$61.09.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.48. The firm had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%. As a group, analysts anticipate that Methanex Co. will post 3.3199412 earnings per share for the current fiscal year.

Methanex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.25 per share. This is a positive change from Methanex’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, June 14th. Methanex’s dividend payout ratio (DPR) is currently 28.86%.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.