IREN proposes $875 million convertible notes offering due 2031
AKRON, Ohio - Myers Industries, Inc. (NYSE:MYE), a manufacturer of sustainable plastic and metal products, announced Wednesday that its Board of Directors has approved a quarterly cash dividend of $0.135 per share. The company has maintained dividend payments for 54 consecutive years, with the current dividend yield standing at 3.26%.
The dividend will be payable on October 2, 2025, to shareholders of record as of September 12, 2025. According to InvestingPro analysis, Myers Industries has demonstrated strong momentum with a 72% return over the past six months and currently trades near its 52-week high of $17.12.
Myers Industries is based in Akron, Ohio, and serves various end markets including Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket sectors.
The announcement was made in a company press release statement.
In other recent news, Myers Industries reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $0.31, missing the forecasted $0.33. Additionally, revenue for the quarter was $209.6 million, which was below the anticipated $224.2 million. These results have sparked attention among investors and analysts alike. The earnings miss reflects the challenges the company faced during the quarter. Analysts from various firms are closely monitoring the situation, although no specific upgrades or downgrades have been reported. This development highlights the importance of meeting financial forecasts in maintaining investor confidence. The company’s performance in the upcoming quarters will be closely watched by the investment community.
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