Myers Industries, Inc. (NYSE:MYE - Get Free Report) declared a quarterly dividend on Friday, October 25th, RTT News reports. Investors of record on Tuesday, December 3rd 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 4.42%.
Myers Industries has a dividend payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings.
Myers Industries Stock Down 1.8 %
MYE traded down $0.22 on Friday, reaching $12.23. 115,806 shares of the company traded hands, compared to its average volume of 250,655. The stock's 50 day moving average price is $13.78 and its 200-day moving average price is $15.47. Myers Industries has a 52-week low of $12.15 and a 52-week high of $23.63. The company has a market cap of $454.75 million, a price-to-earnings ratio of 11.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.81 and a quick ratio of 1.16.
Myers Industries (NYSE:MYE - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.08. The firm had revenue of $220.24 million for the quarter. Myers Industries had a net margin of 4.79% and a return on equity of 16.27%. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, sell-side analysts expect that Myers Industries will post 1.13 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, KeyCorp decreased their target price on shares of Myers Industries from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th.
Read Our Latest Report on MYE
About Myers Industries
(
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Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.
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