Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, set to be paid on October 29, 2021, to stockholders on record by October 15, 2021. The company is a global supplier specializing in user interface, LED lighting, and power distribution solutions, serving diverse sectors including automotive, medical devices, and construction. With operations across North America, Europe, Middle East, and Asia, Methode Electronics focuses on delivering engineered products for OEMs across various industries.

Positive

• Quarterly dividend of $0.14 shows company confidence in financial stability.

Negative

• None.

CHICAGO, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on October 29, 2021 to common stockholders of record at the close of business on October 15, 2021.

About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, LED lighting, power distribution and sensor applications.

Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, consumer appliance, and medical devices. Our business is managed on a segment basis, with those segments being Automotive, Industrial, Interface and Medical.

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, Inc. (MEI)?

The declared dividend amount for Methode Electronics, Inc. (MEI) is $0.14 per share.

When will the dividend for MEI be paid?

The dividend will be paid on October 29, 2021.

What is the record date for the MEI dividend?

The record date to qualify for the dividend is October 15, 2021.

How often does Methode Electronics, Inc. pay dividends?

Methode Electronics, Inc. typically pays dividends quarterly.