Methanex Announces a 10% Dividend Increase and Its Intention to Initiate a New 10% Share Repurchase Program
VANCOUVER, British Columbia, Jan. 31, 2018 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 10 percent increase in its quarterly dividend to US$0.33 per share from US$0.30 per share. The increased dividend will apply to the dividend payable on March 31, 2018 to holders of common shares of record on March 17, 2018.
Methanex also announced today its intention to initiate a new 10% normal course issuer bid in March 2018, which is the earliest timing allowed under Canadian securities legislation.
Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH”. Methanex can be visited online at www.methanex.com.
FORWARD LOOKING INFORMATION
This press release contains certain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward looking statements. Statements that include the words "expect", "intention" or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements. For further information, refer to our 2016 Annual Management's Discussion and Analysis and our Fourth Quarter 2017 Management's Discussion and Analysis.
For further information, contact:
Vice President, Treasury and Investor Relations
Tel: 604 661 2600