Methanex Increases Quarterly Dividend to $0.125 Per Share From $0.0375 Per Share

Methanex Corporation (NASDAQ:MEOH) announced a dividend increase from US$0.0375 to US$0.125 per share, effective September 30, 2021.

Rhea-AI Summary

Methanex Corporation (NASDAQ:MEOH) announced a dividend increase from US$0.0375 to US$0.125 per share, effective September 30, 2021. The new dividend applies to shareholders on record as of September 16, 2021. This decision reflects the company's commitment to returning value to its shareholders as it continues to lead in global methanol production and supply.

Positive

• Dividend increased to US$0.125 per share, enhancing shareholder returns.
• Strong leadership as the world's largest methanol producer.

Negative

• None.

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-0.40% session move Open Argus

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News Market Reaction – MEOH

The recorded move for MEOH in the trading session of this news was -0.40%.

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VANCOUVER, British Columbia, July 16, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved an increase in its quarterly dividend to US$0.125 per share from US$0.0375 per share. The increased dividend will apply to the dividend payable on September 30, 2021 to holders of common shares of record on September 16, 2021.

Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH". Methanex can be visited online at www.methanex.com.

Inquiries:
Kim Campbell
Director, Investor Relations Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for Methanex Corporation (MEOH)?

The new dividend amount is US$0.125 per share.

When will the new dividend be paid to shareholders of Methanex (MEOH)?

The new dividend will be paid on September 30, 2021.

What is the record date for the Methanex dividend payment?

The record date for the dividend payment is September 16, 2021.