Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.11 per share, payable on July 31, 2020, to shareholders on record by July 17, 2020. This decision highlights the company’s commitment to returning value to its investors amid its diverse operations in various markets including automotive, medical, and aerospace.

Methode Electronics develops custom-engineered solutions, operating globally with facilities in multiple countries. The company’s products utilize advanced technologies across numerous applications.

Positive

• Quarterly dividend of $0.11 per share demonstrates financial stability and commitment to returning value to shareholders.
• The company operates in diversified markets, which may provide resilience against sector-specific downturns.

Negative

• None.

CHICAGO, June 18, 2020 (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 July 31, 2020 to common stockholders of record at the close of business on July 17, 2020.

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, radio remote control, electronic, LED lighting, wireless and sensing 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, automotive, commercial vehicle, construction, consumer and industrial equipment, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), medical, rail and other transportation industries. Further information can be found on Methode's website www.methode.com.

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 has declared a quarterly dividend of $0.11 per share.

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

The dividend will be paid on July 31, 2020.

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

The record date for the dividend is July 17, 2020.

How often does Methode Electronics (MEI) pay dividends?

Methode Electronics typically pays dividends quarterly.