Myers Industries Inc. has the ticker symbol MYE and is a small cap member of the consumer cyclical sector as a packaging and containers firm. This is my first report on Myers Industries Inc for this Vista folio or any of my other five folios for that matter.

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 two segments: (1) The Material Handling segment, which designs manufactures, and markets a variety of plastic and metal products. (2) The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.

Image source: Pixabay

The company was founded in 1933 and is headquartered in Akron, Ohio.

Three key data points gauge dividend equities or funds like Myers Industries Inc (MYE):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

MYE Price

Myers's price per share closed at $21.34 yesterday. One year ago its price was $11.42. Thus, the price per share has grown 86.9% as it recovered from last-year's Covid market slump. 

Should Myers Industries Inc. stock trade in the range of $12 to $26.00 this year, its recent $21.34 price might rise by $3.66 to reach $25.00 by May 12, 2022. My estimate agrees with the median of two estimates from analysts tracking MYE..

MYE Dividends

Myers's most recent quarterly dividend of $0.135 was paid April 2nd and equates to $0.54 annually and yields 2.53% at yesterday's $21.34 closing price. Myers Industries Inc has paid quarterly dividends generally increasing annually for 32 years. 

MYE Returns

Adding the $0.54 annual Myers Industries Inc forward-looking dividend to my $3.66 price upside estimate shows a $4.20 potential gross gain, per share, to be reduced by any costs to trade the shares.  

If we put a little over $1,000.00 today in Myers Industries Inc at $21.34 per share, we'd buy 47 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.21 per share.

Subtract that maybe $0.21 brokerage cost from my estimated $4.20 gross gain per share results in a net gain of $3.99 X 47 shares = $187.53. for an 18.75% net gain on a $1,002.98 investment.

Thus, Myers Industries Inc. shows a possible 18.75% net gain including a 2.53% forward-looking dividend yield. 

Over the next year at this time, a $1000 investment in MYE could generate $25.30 in cash dividends. And a single share bought at yesterday's closing price was about $21.34! So, if MYE is your kind of packaging and containers investment, Myers Industries Inc is showing share price below the expected annual dividend income from $1,000 invested. This suggests now is a good time to add Myers Industries Inc. to your holdings.   

All of the estimates above are speculation based on the past history of Myers Industries Inc (MYE). Only time and money invested in this stock will determine its worth.