Myers Industries, Inc. (MYE) To Go Ex-Dividend on June 18th

Myers Industries, Inc. (NYSE:MYEGet Free Report) announced a quarterly dividend on Tuesday, June 4th, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.135 per share by the industrial products company on Friday, July 5th. This represents a $0.54 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, June 18th.

Myers Industries has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings.

Myers Industries Trading Up 1.3 %

MYE opened at $15.97 on Thursday. The firm’s fifty day moving average is $19.65 and its two-hundred day moving average is $19.42. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.75. The firm has a market cap of $593.76 million, a PE ratio of 15.07 and a beta of 1.25. Myers Industries has a twelve month low of $15.20 and a twelve month high of $23.63.

Myers Industries (NYSE:MYEGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.21 EPS for the quarter. Myers Industries had a net margin of 4.90% and a return on equity of 15.99%. The business had revenue of $207.10 million for the quarter. Equities research analysts anticipate that Myers Industries will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

MYE has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Myers Industries from $22.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. StockNews.com downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.

Get Our Latest Stock Analysis on Myers Industries

About Myers Industries

(Get Free Report)

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.

See Also

Dividend History for Myers Industries (NYSE:MYE)

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