Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, a global leader in custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced that its board of directors has approved a quarterly dividend.

The dividend of $0.14 per share will be paid on July 26, 2024, to common stockholders of record as of July 12, 2024.

Positive

• Quarterly dividend of $0.14 per share approved.
• Dividend payment date set for July 26, 2024.
• Record date for dividend set as July 12, 2024.

Negative

• None noted in the press release.

CHICAGO, June 13, 2024 (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 July 26, 2024, to common stockholders of record at the close of business on July 12, 2024.

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 system, 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, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.

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

FAQ

What is the dividend amount announced by Methode Electronics?

Methode Electronics announced a quarterly dividend of $0.14 per share.

When will the dividend be paid by Methode Electronics (MEI)?

The dividend will be paid on July 26, 2024.

What is the record date for Methode Electronics' (MEI) dividend?

The record date for the dividend is July 12, 2024.

What type of company is Methode Electronics (MEI)?

Methode Electronics is a global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications.

Where is Methode Electronics (MEI) listed?

Methode Electronics is listed on the New York Stock Exchange under the ticker symbol MEI.