Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics (NYSE: MEI) has announced a quarterly dividend of $0.14 per share, to be paid on January 28, 2022. Shareholders of record by the close of business on January 14, 2022 will receive this dividend. The company specializes in custom-engineered solutions involving user interface, LED lighting, and power distribution across various industries, including automotive and medical devices. With operations in North America, Europe, the Middle East, and Asia, Methode continues to support a range of end markets.

Positive

• Declared a quarterly dividend of $0.14 per share enhancing shareholder income.
• Company operates in diverse markets, providing robust revenue opportunities.
• Continues to maintain a strong presence globally with operations in multiple regions.

Negative

• None.

CHICAGO, Dec. 09, 2021 (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 January 28, 2022 to common stockholders of record at the close of business on January 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 for Methode Electronics (MEI)?

Methode Electronics has announced a quarterly dividend of $0.14 per share.

When will the dividend be paid for MEI stock?

The dividend will be paid on January 28, 2022.

What is the record date for the MEI dividend?

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

How often does Methode Electronics pay dividends?

Methode Electronics typically declares dividends on a quarterly basis.