Methanex said the dividend will be paid on September 30 for shareholders on the books at September 16.

Methanex CEO Pierre Choquette said "We are very pleased to begin payment of a dividend to our shareholders at a level that we believe can be sustained and built upon over time."

Choquette added that, "In addition to the quarterly dividend, the Board will periodically consider other forms of distribution whenever general business conditions, financial results, capital requirements and other relevant factors warrant."