Methanex is a Canadian company that is the world's largest producer and supplier of methanol, an alternative biofuel used to power boilers, stoves, cars, buses, and other transport. Learn the latest information and analysis on the company, MEOH stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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Due to the pandemic, Methanex had to delay its construction of the new plant in Geismar until 2022, but with a positive outlook on the methanol industry they restarted construction in summer 2021.
Moreover, the company reset the quarterly dividend payout to $0.125 per share from $0.0375 per share. Although the dividend yield is just over 1%, Methanex have been doing very well thanks to the rising prices on methanol and have shown great performance in Q4 2021.
The Methanex stock price rolled back under $50 after reaching its all-time high of $56, this is a stock that could bring patient investors good returns, especially if everything goes according to plan with Geismar 3.
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