Myers Industries, Inc. (NYSE:MYE) to Issue $0.14 Quarterly Dividend

Myers Industries, Inc. (NYSE:MYE) announced 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 1.7%. 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 Stock Performance

NYSE:MYE opened at $31.90 on Wednesday. Myers Industries has a 12 month low of $15.54 and a 12 month high of $37.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 1.21. The firm has a market capitalization of $1.20 billion, a PE ratio of 32.89 and a beta of 0.87. The business’s fifty day moving average price is $32.40 and its 200 day moving average price is $26.30.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. The firm had revenue of $179.20 million during the quarter, compared to the consensus estimate of $166.00 million. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.

About Myers Industries

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.