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

by · The Markets Daily

Myers Industries, Inc. (NYSE:MYE – Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Friday, September 18th will be given a dividend of 0.135 per share by the industrial products company on Monday, October 5th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 18th.

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

Myers Industries Price Performance

NYSE MYE opened at $30.76 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.61 and a debt-to-equity ratio of 0.91. The company has a market cap of $1.16 billion, a PE ratio of 31.71 and a beta of 0.87. Myers Industries has a 52 week low of $15.54 and a 52 week high of $37.45. The firm’s 50-day simple moving average is $32.33 and its two-hundred day simple moving average is $26.35.

Myers Industries (NYSE:MYE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.36 by $0.17. Myers Industries had a net margin of 4.86% and a return on equity of 19.86%. The company had revenue of $179.20 million during the quarter, compared to the consensus estimate of $166.00 million.

About Myers Industries

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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.

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