Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics (NYSE: MEI), a global leader in custom-engineered solutions for user interface, LED lighting, and power distribution applications, has announced a quarterly dividend. The company's board of directors has declared a dividend of $0.14 per share, payable on November 1, 2024, to common stockholders of record at the close of business on October 18, 2024. This announcement demonstrates Methode Electronics' commitment to providing regular returns to its shareholders, potentially indicating financial stability and confidence in the company's future performance.

Positive

• Consistent dividend payment indicating financial stability
• Shareholder value creation through regular income distribution

Negative

• None.

CHICAGO, Sept. 11, 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 November 1, 2024, to common stockholders of record at the close of business on October 18, 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 declared by Methode Electronics (MEI) for Q4 2024?

Methode Electronics (MEI) has declared a quarterly dividend of $0.14 per share for Q4 2024.

When is the payment date for Methode Electronics' (MEI) latest dividend?

The payment date for Methode Electronics' (MEI) latest dividend is November 1, 2024.

What is the record date for Methode Electronics' (MEI) Q4 2024 dividend?

The record date for Methode Electronics' (MEI) Q4 2024 dividend is October 18, 2024, at the close of business.

How often does Methode Electronics (MEI) pay dividends?

Based on the announcement of a quarterly dividend, Methode Electronics (MEI) appears to pay dividends on a quarterly basis.