Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, to be paid on October 28, 2022, to stockholders who are on record by October 14, 2022. The company specializes in custom-engineered solutions for user interface, LED lighting, and power distribution. Operating in diverse sectors including automotive, industrial, and medical, Methode Electronics maintains a global presence across North America, Europe, the Middle East, and Asia.

Positive

• Quarterly dividend of $0.14 per share reflects company confidence.

Negative

• None.

CHICAGO, Sept. 14, 2022 (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 28, 2022, to common stockholders of record at the close of business on October 14, 2022.

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 (MEI)?

The declared dividend amount is $0.14 per share.

When will the dividend for MEI be paid?

The dividend will be paid on October 28, 2022.

What is the record date for the MEI dividend?

The record date for the dividend is October 14, 2022.

How often does Methode Electronics declare dividends?

Methode Electronics typically declares dividends quarterly.