Methanex Holds Dividend at $0.185; Methanol Prices Soften

Methanex Corp. (MEOH) declared a quarterly dividend of $0.185 per share, matching the prior quarter's rate, the company said Monday. The payout goes to shareholders of record Sept. 16 and is payable Sept. 30.

The dividend keeps the annualized distribution at $0.74 per share, yielding roughly 2.5% at current prices. Methanol prices have declined in recent months as new supply from the U.S. Gulf Coast and China weighs on global benchmarks. Methanex, the world's largest methanol producer, operates plants in Canada, New Zealand, Egypt and Trinidad.

The board held the dividend steady. The company last cut its payout in 2020 during the pandemic, restoring it two years later. Methanex reports second-quarter earnings in late July.

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