Methanex (MEOH) Raises Quarterly Dividend 10% to $0.275; 1.9% Yield
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Methanex Reports Lower Earnings in the First Quarter of 2015; Methanol Prices Strengthening
April 29, 2015 9:11 PM EDTVANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/15 -- For the first quarter of 2015, Methanex (TSX: MX)(NASDAQ: MEOH) reported Adjusted EBITDA(1) of $97 million and Adjusted net income(1) of $21 million ($0.23 per share on a diluted basis(1)). This compares with Adjusted EBITDA(1) of $150 million and Adjusted net income(1) of $80 million ($0.85 per share on a diluted basis(1)) for the fourth quarter of 2014.
John Floren, President and CEO of Methanex commented, "Our first quarter earnings reflect lower average realized methanol pricing compared to the fourth quarter of 2014. Early in the quarter, a... More
Methanex Announces a 10% Dividend Increase and a New 5% Share Repurchase Program
April 29, 2015 8:00 PM EDTVANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/15 -- Methanex Corporation (the "Company") (TSX: MX)(NASDAQ: MEOH) announced today that its Board of Directors has approved a 10 percent increase in its quarterly dividend to shareholders, from US$0.25 per share to US$0.275 per share. The increased dividend will apply to the dividend payable on June 30, 2015 to holders of common shares of record on June 16, 2015.
John Floren, President and CEO of Methanex commented, "This is the eleventh time that we have increased our dividend since its inception in 2002. The increase to... More
