Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.11 per share. This dividend will be payable on April 30, 2021, to stockholders on record as of April 16, 2021. The company specializes in custom engineered products, with operations across multiple countries including the US, Canada, and China.

With significant involvement in various sectors such as automotive, industrial, and medical, Methode continues to strengthen its market presence.

Positive

• Quarterly dividend of $0.11 per share enhances shareholder income.
• Confidence in steady cash flow reflected in regular dividend payments.

Negative

• None.

CHICAGO, March 18, 2021 (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 April 30, 2021 to common stockholders of record at the close of business on April 16, 2021.

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, electronic, LED lighting, sensor, and radio remote control 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 declared by Methode Electronics, Inc. for Q1 2021?

Methode Electronics, Inc. declared a dividend of $0.11 per share.

When will the dividend for Methode Electronics be paid?

The dividend will be paid on April 30, 2021.

What is the record date for the dividend payment from Methode Electronics?

The record date for the dividend payment is April 16, 2021.

How frequently does Methode Electronics, Inc. pay dividends?

Methode Electronics, Inc. pays dividends quarterly.