Myers Industries Announces Quarterly Dividend of $0.135 per Share

Myers Industries announced a quarterly cash dividend of $0.135 per share, payable on October 2, 2025, to shareholders of record as of September 12, 2025. The company, based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal products for various end markets. Myers Industries has a rich history of continuous product development and strategic acquisitions, establishing itself as a leading diversified industrial company.

Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of sustainable plastic and metal products, has declared a quarterly cash dividend of $0.135 per share, payable on October 2, 2025, to shareholders of record as of September 12, 2025. The company, based in Akron, Ohio, serves multiple end markets including Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket segments. Myers Industries has built its reputation on strong brands and innovative products, establishing itself as a diversified industrial leader through continuous product development and strategic acquisitions.

The dividend announcement comes amidst a series of strategic initiatives and financial results. In the second quarter of 2025, Myers Industries reported a net sales decrease of 4.8% to $209.6 million, with net income declining 5.6% to $9.7 million. However, the company noted significant improvements in free cash flow, which increased by $14.8 million year-over-year to $24.7 million. The Material Handling segment saw an operating income increase of 2.7%, while the Distribution segment performance declined. Myers Industries maintains strong liquidity of $281 million and has reduced total debt by $13 million, achieving a net leverage ratio of 2.8x.

The company has also been active in product development and new market entries. Elkhart Plastics, a Myers Industries subsidiary, launched the Schwig's Garden Box™, a new modular dock accessory designed for the Connect-A-Dock® 2000 Series floating dock system. This innovative product features a 20-cubic-foot capacity floating, raised-bed design that enables dock owners to grow plants and vegetables directly on their waterfront.

Myers Industries' commitment to sustainability and innovation is evident in its recent product launches and strategic initiatives. The company continues to invest in its operations and product offerings, aiming to provide exceptional value to its customers and shareholders.

References:
[1] https://www.stocktitan.net/news/MYE/myers-industries-announces-quarterly-6ooqoh7lrclu.html
[2] https://www.stocktitan.net/news/MYE/