Myers Industries, Inc. Plans Quarterly Dividend of $0.14 (NYSE:MYE)

Myers Industries, Inc. (NYSE:MYE) announced 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 Price Performance

Shares of NYSE:MYE opened at $23.09 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 1.04. Myers Industries has a 1 year low of $12.96 and a 1 year high of $24.25. The business has a fifty day simple moving average of $21.79 and a 200 day simple moving average of $20.69. The firm has a market cap of $867.30 million, a price-to-earnings ratio of 32.99 and a beta of 0.98.

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

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.