Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, scheduled for payment on April 29, 2022. Shareholders must be on record by the close of business on April 14, 2022. This decision reflects the company's commitment to return value to its investors. Methode is a global supplier specializing in custom-engineered solutions for applications in user interface, LED lighting, and power distribution, with operations across North America, Europe, the Middle East, and Asia.

Positive

• Quarterly dividend of $0.14 per share announced, reflecting confidence in financial stability.
• Dividend payment scheduled for April 29, 2022, indicating ongoing shareholder return.

Negative

• None.

CHICAGO, March 17, 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 April 29, 2022 to common stockholders of record at the close of business on April 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 declared by Methode Electronics (MEI)?

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

When will the dividend be paid to shareholders of Methode Electronics (MEI)?

The dividend will be paid on April 29, 2022.

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

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

How often does Methode Electronics (MEI) pay dividends?

Methode Electronics (MEI) pays dividends on a quarterly basis.