Methanex ups dividend 25%; plans to buy back up to 5% per cent of its shares

VANCOUVER – Methanex Corp. (TSX:MX) says it is increasing its quarterly dividend by 25 per cent and also plans to buy back for cancellation up to five per cent of its 96.5 million shares. Vancouver-based Methanex, the world’s largest producer and supplier of methanol to major international markets, says the increased dividend of 25 cents US per share, up from 20 cents, will be paid June 30 to shareholders of record on June 16.

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles