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Myers Industries (Myers Industries) Dividend Payout Ratio

: 0.40 (As of Dec. 2023)
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Myers Industries's dividend payout ratio for the months ended in Dec. 2023 was 0.40.

The historical rank and industry rank for Myers Industries's Dividend Payout Ratio or its related term are showing as below:

MYE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.77   Max: 1.93
Current: 0.38


During the past 13 years, the highest Dividend Payout Ratio of Myers Industries was 1.93. The lowest was 0.33. And the median was 0.77.

MYE's Dividend Payout Ratio is ranked worse than
51.8% of 222 companies
in the Packaging & Containers industry
Industry Median: 0.365 vs MYE: 0.38

As of today (2024-04-23), the Dividend Yield % of Myers Industries is 2.49%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Myers Industries was 6.11%. The lowest was 1.62%. And the median was 2.90%.

Myers Industries's Dividends per Share for the months ended in Dec. 2023 was $0.14.

During the past 10 years, the average Dividends Per Share Growth Rate was 2.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Myers Industries was 27.10% per year. The lowest was 0.70% per year. And the median was 10.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Myers Industries Dividend Payout Ratio Historical Data

The historical data trend for Myers Industries's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Myers Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Payout Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.53 0.61 0.33 0.41

Myers Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Payout Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.39 0.39 0.36 0.40

Competitive Comparison

For the Packaging & Containers subindustry, Myers Industries's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Myers Industries Dividend Payout Ratio Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Myers Industries's Dividend Payout Ratio falls into.



Myers Industries Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Myers Industries's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2023 )/ EPS without NRI (A: Dec. 2023 )
=0.54/ 1.316
=0.41

Myers Industries's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.135/ 0.338
=0.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Myers Industries (NYSE:MYE) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Myers Industries Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Myers Industries's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Myers Industries (Myers Industries) Business Description

Traded in Other Exchanges
Address
1293 South Main Street, Akron, OH, USA, 44301
Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.
Executives
Yvette Dapremont Bright director 739 WESTVIEW STREET, PHILADELPHIA PA 19119
Michael P. Mcgaugh director, officer: President and CEO 1293 SOUTH MAIN STREET, AKRON OH 44301
Fitz E Grant officer: EVP & CFO C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Lori A. Lutey director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Jeffrey Kramer director C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Liebau Frederic Jack Jr director P.O. BOX 2200, PASADENA CA 91102-2200
William A Foley director P O BOX 10060, TOLEDO OH 436990060
Monica P. Vinay officer: Interim CFO, VP and Treasurer 1293 SOUTH MAIN STREET, AKRON OH 44301
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Ronald M Defeo director 600 GRANT STREET, SUITE 5100, PITTSBURGH PA 15219
Jim Gurnee officer: VP Sales/Marketing/Commercial 1293 S MAIN ST, AKRON OH 44301
Paul Allan Johnson officer: VP, Distribution Segment 1293 SOUTH MAIN STREET, AKRON OH 44301
Jeffrey Jon Baker officer: VP, Shared Services 1293 SOUTH MAIN STREET, AKRON OH 44301
Sarah R Coffin director 31515 BALLANTYNE CORP, C/O SPX CORP, CHARLOTTE NC 28277
Sonal P. Robinson officer: EVP, Finance 1293 SOUTH MAIN STREET, AKRON OH 44301

Myers Industries (Myers Industries) Headlines

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