Myers Industries, Inc. (MYE) To Go Ex-Dividend on December 5th

Myers Industries, Inc. (NYSE:MYE) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.135 per share by the industrial products company on Friday, January 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of MYE traded down $0.10 during midday trading on Tuesday, hitting $16.35. 902 shares of the company traded hands, compared to its average volume of 117,157. Myers Industries has a one year low of $14.24 and a one year high of $19.55. The firm has a market cap of $587.86 million, a P/E ratio of 21.53 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.61. The stock has a 50-day moving average of $16.54 and a 200-day moving average of $17.17.

Myers Industries (NYSE:MYE) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Myers Industries had a net margin of 3.90% and a return on equity of 17.53%. The company had revenue of $125.48 million during the quarter, compared to analyst estimates of $134.90 million. During the same period last year, the business earned $0.15 earnings per share. Myers Industries’s revenue was down 7.2% compared to the same quarter last year. Sell-side analysts forecast that Myers Industries will post 0.77 EPS for the current fiscal year.

MYE has been the topic of several research analyst reports. Zacks Investment Research cut shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Cowen raised Myers Industries from a “market perform” rating to an “outperform” rating and raised their price target for the company from $20.00 to $22.00 in a report on Tuesday, August 27th. Finally, ValuEngine upgraded Myers Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th.

In related news, Director Ronald M. Defeo bought 10,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $16.25 per share, for a total transaction of $162,500.00. Following the completion of the transaction, the director now directly owns 11,570 shares in the company, valued at approximately $188,012.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.84% of the company’s stock.

Myers Industries Company Profile

Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.

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Dividend History for Myers Industries (NYSE:MYE)

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