Methode Electronics’ Board Approves Dividend
On September 16, 2020, Methode Electronics (NYSE: MEI) announced a quarterly dividend of $0.11 per share, scheduled for payment on October 30, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On September 16, 2020, Methode Electronics (NYSE: MEI) announced a quarterly dividend of $0.11 per share, scheduled for payment on October 30, 2020. Stockholders of record as of October 16, 2020 are eligible for this dividend. Methode Electronics, a global provider of custom-engineered products, operates across various sectors including automotive and medical. The company has extensive manufacturing and design capabilities worldwide, which cater to multiple industries such as aerospace, consumer electronics, and transportation.
Positive
- Quarterly dividend of $0.11 per share announced, enhancing shareholder income.
Negative
- None.
Details
News Market Reaction – MEI
The recorded move for MEI in the trading session of this news was -0.47%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHICAGO, Sept. 16, 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
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
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