Methanex Corp (MEOH) Raises Qtr. Dividend 25% to $0.25; Approves 5% Buyback

Methanex Corp (NASDAQ: MEOH) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 25% increase from the prior dividend of $0.20.

The dividend will be payable on June 30, 2014, to stockholders of record on June 16, 2014, with an ex-dividend date of June 12, 2014.

The annual yield on the dividend is 1.6 percent.

The Company is also pleased to announce today that its Board of Directors has approved a Normal Course Issuer Bid ("NCIB"). The Company will purchase for cancellation up to 4,826,197 common shares ("Shares"), representing approximately 5% of the 96,523,956 shares issued and outstanding shares as at April 29, 2014.

For a dividend history and other dividend-related data on Methanex Corp (MEOH) click here.

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