Methanex Reports Higher First Quarter 2017 Earnings and Increases Dividend by 9%
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Go back to Methanex Reports Higher First Quarter 2017 Earnings and Increases Dividend by 9%
April 26, 2017 5:50 PM EDT
Methanex (NASDAQ: MEOH) announced today that the Board of Directors has approved a 9% increase to our quarterly dividend to shareholders, from $0.275 per share per quarter to $0.30 per share per quarter.
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April 26, 2017 5:48 PM EDT
Methanex (NASDAQ: MEOH) reported Q1 EPS of $1.56, in-line with the analyst estimate of $1.56. Revenue for the quarter came in at $810 million versus the consensus estimate of $817.42 million.
John Floren, President and CEO of Methanex, commented, "In what is proving to be a volatile methanol pricing environment, our average realized methanol price increased $87 per tonne in the quarter to $365 per tonne, which compares to $278 per tonne achieved in the fourth quarter of 2016. We achieved record sales volume for the fourth consecutive... More
