Methanex Corporation Announces a 6% Dividend Increase

Rhea-AI Summary

Methanex Corporation (NASDAQ: MEOH) has announced a 6% increase in its quarterly dividend, raising it to US$0.185 per share from US$0.175. This change will take effect for the dividend payable on June 30, 2023, to shareholders on record as of June 16, 2023. Methanex is recognized as the world’s largest producer and supplier of methanol, operating primarily in major international markets. The company is publicly traded on both the Toronto Stock Exchange and NASDAQ, symbolized as MX and MEOH respectively.

Positive

• Quarterly dividend increased by 6% to US$0.185 per share.
• Demonstrates company confidence in financial stability and shareholder returns.

Negative

• None.

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 6% increase in its quarterly dividend to US$0.185 per share from US$0.175 per share. The increased dividend will apply to the dividend payable on June 30, 2023, to holders of common shares of record on June 16, 2023.

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$0.185 per share.

When is the Methanex dividend payment date?

The dividend will be payable on June 30, 2023.

What is the record date for Methanex's dividend?

The record date for the dividend is June 16, 2023.

How often does Methanex pay dividends?

Methanex pays dividends quarterly.

Is the dividend increase sustainable for Methanex (MEOH)?

The increase reflects Methanex's confidence in its financial stability.