Myers Industries Announces Quarterly Dividend

Rhea-AI Summary

Myers Industries (NYSE: MYE) has announced a quarterly cash dividend of $0.135 per share.

This dividend will be payable on July 5, 2024, to shareholders of record as of June 18, 2024.

Myers Industries is a prominent manufacturer of polymer and metal products for various markets, including industrial, agricultural, automotive, and consumer sectors.

The company is also the largest U.S. distributor of tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry.

Positive

• Quarterly cash dividend of $0.135 per share indicates a return on investment for shareholders.
• Dividend payment scheduled for July 5, 2024, providing a clear timeframe for investors.
• Strong market presence in multiple sectors including industrial, agricultural, and automotive.
• Largest U.S. distributor in the tire, wheel, and under-vehicle service industry, indicating market leadership.

Negative

• No information on financial performance or revenue figures in the announcement.
• Dividend amount of $0.135 per share may be seen as modest by some investors.

AKRON, Ohio--(BUSINESS WIRE)-- Myers Industries, Inc. (NYSE: MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on July 5, 2024, to shareholders of record as of June 18, 2024.

About Myers Industries

Myers Industries, Inc. is a leading manufacturer of a wide range of polymer and metal products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the U.S. Visit www.myersindustries.com to learn more.

M-INV

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604092392/en/

Meghan Beringer

Senior Director of Investor Relations

(252) 536-5651

Source: Myers Industries, Inc.

FAQ

When will Myers Industries pay its next dividend?

Myers Industries will pay its next quarterly dividend on July 5, 2024.

What is the dividend amount announced by Myers Industries?

Myers Industries announced a quarterly cash dividend of $0.135 per share.

What is the record date for Myers Industries' dividend?

The record date for the dividend is June 18, 2024.

In which sectors does Myers Industries operate?

Myers Industries operates in various sectors including industrial, agricultural, automotive, commercial, and consumer markets.

What is the stock symbol for Myers Industries?

The stock symbol for Myers Industries is NYSE: MYE.