Methanex Corporation Announces a 20% Dividend Increase

Rhea-AI Summary

Methanex Corporation (NASDAQ: MEOH) has announced a significant 20% increase in its quarterly dividend, moving from US$0.145 to US$0.175 per share. The new dividend will be payable on September 30, 2022, to shareholders recorded by September 16, 2022. This enhancement underscores the company's strong cash flow generation and commitment to returning capital to its investors, as stated by CEO John Floren.

Positive

• 20% increase in quarterly dividend to US$0.175 per share.
• Demonstrates strong cash flow generation capability.

Negative

• None.

VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 20% increase in its quarterly dividend to US$0.175 per share from US$0.145 per share. The increased dividend will apply to the dividend payable on September 30, 2022, to holders of common shares of record on September 16, 2022.

John Floren, President & CEO of Methanex, said, “The 20% dividend increase reinforces our commitment to return cash to shareholders and highlights the strong cash flow generation capability of our assets.”

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 quarterly dividend for Methanex is US$0.175 per share.

When is the dividend payment date for Methanex (MEOH)?

The dividend payment date is September 30, 2022.

What is the record date for the Methanex (MEOH) dividend?

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

How much was the previous dividend for Methanex (MEOH)?

The previous dividend was US$0.145 per share.