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VANCOUVER - Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced Tuesday that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The company currently offers a 2.07% dividend yield based on its current share price of $35.71.
The dividend will be paid on December 31, 2025, to shareholders of record as of December 17, 2025, according to a company press release. InvestingPro data shows Methanex has maintained dividend payments for 24 consecutive years, demonstrating a strong commitment to shareholder returns.
Methanex, based in Vancouver, describes itself as the world's largest supplier of methanol globally. The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq Global Select Market under the symbol "MEOH".
This dividend announcement maintains the company's regular quarterly payment to shareholders.
In other recent news, Methanex has received an upgrade from JPMorgan, which changed its stock rating to Overweight from Neutral. The investment bank cited strong free cash flow generation and attractive valuation metrics as reasons for the upgrade, with a new price target set at $38.00. JPMorgan expects Methanex to generate significant free cash flow, approximately $4.20 per share, by 2026, which the company plans to use for reducing financial leverage. Additionally, National Bank Financial initiated coverage on Methanex with an Outperform rating and a higher price target of $47.00. Methanex's stock has typically traded between $30 and $50 over the past decade, with some exceptions. In further developments, Methanex announced new strategic partnerships to expand its methanol bunkering operations in Europe and Asia. The company is collaborating with TankMatch to offer barge-to-ship methanol bunkering services in the Amsterdam-Rotterdam-Antwerp region, building on a previous acquisition from OCI. These partnerships aim to enhance Methanex's presence in key global fueling hubs.
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