Methanex Declares $0.185/Share Quarterly Dividend, Payable March 28
Ticker: MEOH · Form: 6-K · Filed: Feb 1, 2024 · CIK: 886977
| Field | Detail |
|---|---|
| Company | Methanex Corp (MEOH) |
| Form Type | 6-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.185 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: dividend, cash-distribution, shareholder-return
TL;DR
**Methanex declared a $0.185/share dividend payable March 28, 2024.**
AI Summary
Methanex Corporation announced on February 1, 2024, that its Board of Directors declared a quarterly cash dividend of US$0.185 per share. This dividend will be paid on March 28, 2024, to shareholders who own common shares as of the record date, March 14, 2024. This matters to investors because it signals the company's financial stability and commitment to returning value to shareholders, which can make the stock more attractive to income-focused investors.
Why It Matters
This dividend declaration means shareholders will receive cash, demonstrating Methanex's ongoing profitability and commitment to shareholder returns, which can boost investor confidence.
Risk Assessment
Risk Level: low — A dividend declaration is generally a positive sign of financial health and does not introduce significant risk.
Analyst Insight
An investor might consider holding or buying Methanex shares before the March 14, 2024 record date to qualify for the US$0.185 dividend, indicating confidence in the company's financial health.
Key Numbers
- $0.185 — Quarterly Dividend Per Share (The cash amount shareholders will receive for each common share they own.)
Key Players & Entities
- Methanex Corporation (company) — the registrant and dividend issuer
- US$0.185 (dollar_amount) — the amount of the quarterly dividend per share
- February 1, 2024 (date) — date of the dividend declaration
- March 28, 2024 (date) — date the dividend will be paid
- March 14, 2024 (date) — record date for dividend eligibility
- Sarah Herriott (person) — Director, Investor Relations for Methanex
Forward-Looking Statements
- Methanex will continue its quarterly dividend payments at or above the current rate for the foreseeable future. (Methanex Corporation) — medium confidence, target: Next 12 months
FAQ
What is the specific amount of the cash dividend declared by Methanex Corporation?
Methanex Corporation's Board of Directors declared a quarterly cash dividend of US$0.185 per share.
When was the dividend declared by Methanex Corporation?
The dividend was declared on February 1, 2024, as stated in the news release.
What is the payment date for this declared dividend?
The dividend will be payable on March 28, 2024.
What is the record date for shareholders to be eligible for this dividend?
Shareholders of common shares of record on March 14, 2024, will be eligible for the dividend.
Where are Methanex shares listed for trading?
Methanex shares are listed on the Toronto Stock Exchange (TSX:MX) in Canada and on the NASDAQ Global Select Market (NASDAQ:MEOH) in the United States.
Filing Stats: 341 words · 1 min read · ~1 pages · Grade level 12.3 · Accepted 2024-02-01 16:14:29
Key Financial Figures
- $0.185 — has declared a quarterly dividend of US$0.185 per share. The dividend will be payable
Filing Documents
- noticeofcashdividend-feb20.htm (6-K) — 17KB
- mxlogoa22.jpg (GRAPHIC) — 33KB
- 0001628280-24-002904.txt ( ) — 58KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. METHANEX CORPORATION Date February 1, 2024 By s KEVIN PRICE Name Kevin Price Title SVP, General Counsel Corporate Secretary