Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

On September 16, 2020, Methode Electronics (NYSE: MEI) announced a quarterly dividend of $0.11 per share, scheduled for payment on October 30, 2020. Stockholders of record as of October 16, 2020 are eligible for this dividend. Methode Electronics, a global provider of custom-engineered products, operates across various sectors including automotive and medical. The company has extensive manufacturing and design capabilities worldwide, which cater to multiple industries such as aerospace, consumer electronics, and transportation.

Positive

• Quarterly dividend of $0.11 per share announced, enhancing shareholder income.

Negative

• None.

CHICAGO, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid on October 30, 2020 to common stockholders of record at the close of business on October 16, 2020.

About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in Belgium, Canada, China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States. We design, manufacture and market devices employing electrical, radio remote control, electronic, LED lighting and sensing technologies. Our business is managed on a segment basis, with those segments being Automotive, Industrial, Interface and Medical.

Our components are found in the primary end-markets of the aerospace, appliance, construction, consumer and industrial equipment, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), medical, rail, consumer automotive, commercial vehicle, and other transportation industries.

For Methode Electronics, Inc.
Robert K. Cherry
Vice President Investor Relations
rcherry@methode.com
708-457-4030

FAQ

What is the dividend amount for Methode Electronics (MEI)?

Methode Electronics has declared a quarterly dividend of $0.11 per share.

When will the dividend for MEI be paid?

The dividend will be paid on October 30, 2020.

What is the record date for the MEI dividend?

The record date for the dividend is October 16, 2020.

How often does Methode Electronics pay dividends?

Methode Electronics pays dividends quarterly.

Is the dividend sustainable for MEI?

The sustainability of the dividend will depend on the company's financial performance and cash flow.