Myers Industries, Inc. (MYE) To Go Ex-Dividend on June 17th

Myers Industries, Inc. (NYSE:MYE) declared a quarterly dividend on Wednesday, June 3rd. Investors of record on Wednesday, June 17th will be paid a dividend of 0.135 per share by the industrial products company on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 17th.

Myers Industries has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings.

Myers Industries Trading Up 3.3%

Shares of MYE opened at $23.84 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $895.43 million, a P/E ratio of 34.06 and a beta of 0.98. The stock’s fifty day simple moving average is $21.85 and its 200 day simple moving average is $20.73. Myers Industries has a twelve month low of $12.96 and a twelve month high of $24.25.

Myers Industries (NYSE:MYE) last issued its earnings results on Thursday, May 7th. The industrial products company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.16. The business had revenue of $164.58 million for the quarter, compared to analyst estimates of $209.30 million. Myers Industries had a return on equity of 17.23% and a net margin of 3.36%.

Myers Industries Company Profile

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.