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 January 29, 2021. Shareholders of record as of January 15, 2021 will be eligible for this dividend. Methode Electronics specializes in custom engineered products across various sectors, including automotive, industrial, and medical markets. With a global presence and extensive manufacturing capabilities, the company continues to expand its product offerings in advanced technologies.

Positive

• Quarterly dividend of $0.11 per share boosts shareholder income.
• Company demonstrates confidence in financial stability by maintaining dividend.

Negative

• None.

CHICAGO, Dec. 14, 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 January 29, 2021 to common stockholders of record at the close of business on January 15, 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, radio remote control, electronic, LED lighting 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, 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 amount declared by Methode Electronics, Inc. for January 2021?

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

When is the dividend payment date for Methode Electronics, Inc.?

The dividend payment date is January 29, 2021.

Who is eligible to receive the dividend from Methode Electronics, Inc.?

Shareholders of record at the close of business on January 15, 2021, are eligible for the dividend.