Methanex Gives First Dividend Hike in 3 Years

April 28, 2011 Declared

Methanex Gives First Dividend Hike in 3 Years

Methanex Corporation (MEOH) declared a quarterly dividend of $0.17 within its first quarter earnings report, pushing its payout higher by 10%.

Shares of MEOH opened today’s session trading at $33.36, where they now feature a 2.04% dividend yield.

This is the seventh time the world’s largest methanol supplier has increased its payout since initiating a quarterly dividend in 2002, but first time since May 2008.

READ MORE ABOUT: MEOH
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