Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, set to be paid on April 28, 2023. This dividend will be distributed to common stockholders recorded by the close of business on April 14, 2023. Methode Electronics specializes in custom-engineered solutions encompassing user interfaces, LED lighting, and power distribution, serving markets like automotive, cloud computing, and medical devices. The company's global operations extend across North America, Europe, the Middle East, and Asia, showcasing diverse engineering and manufacturing capabilities.

Positive

• Declaration of a quarterly dividend of $0.14 per share.
• Increased confidence in shareholder returns with consistent dividend payments.

Negative

• None.

CHICAGO, March 16, 2023 (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 28, 2023, to common stockholders of record at the close of business on April 14, 2023.

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)?

The declared dividend amount is $0.14 per share.

When will the dividend for MEI be paid?

The dividend will be paid on April 28, 2023.

What is the record date for the MEI dividend?

The record date for the dividend is April 14, 2023.

How often does Methode Electronics declare dividends?

Methode Electronics typically declares dividends on a quarterly basis.