Methanex Corporation Announces a 16% Dividend Increase

Rhea-AI Summary

Methanex Corporation has announced a 16% increase in its quarterly dividend, raising it from US$0.125 to US$0.145 per share. This increase is effective for the dividend payable on June 30, 2022, to shareholders on record as of June 16, 2022. Methanex, headquartered in Vancouver, is the world's largest producer and supplier of methanol, listed under the symbols MX and MEOH on the Toronto Stock Exchange and NASDAQ, respectively.

Positive

• Quarterly dividend increased by 16% to US$0.145 per share, enhancing shareholder income.

Negative

• None.

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 16% increase in its quarterly dividend to US$0.145 per share from US$0.125 per share. The increased dividend will apply to the dividend payable on June 30, 2022 to holders of common shares of record on June 16, 2022.

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 Select Market in the United States under the trading symbol "MEOH". Methanex can be visited online at www.methanex.com.

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

FAQ

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

The new dividend amount is US$0.145 per share.

When will the new dividend be paid by Methanex?

The new dividend will be paid on June 30, 2022.

What is the record date for Methanex's dividend?

The record date for the dividend is June 16, 2022.

How often does Methanex pay dividends?

Methanex pays dividends quarterly.