Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics (NYSE: MEI), a global supplier of custom-engineered solutions specializing in user interface, lighting, and power distribution applications, has announced a quarterly dividend declaration. The dividend of $0.14 per share will be paid on January 31, 2025, to stockholders of record as of the close of business on January 17, 2025.

Positive

• Maintained quarterly dividend payment of $0.14 per share, indicating financial stability
• Continued commitment to shareholder returns through dividend distributions

Negative

• None.

CHICAGO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, 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 31, 2025, to common stockholders of record at the close of business on January 17, 2025.

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, lighting system, 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, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.

For Methode Electronics, Inc.
Robert K. Cherry
Vice President Investor Relations
rcherry@methode.com
708-457-4030

FAQ

What is Methode Electronics' (MEI) dividend amount for Q1 2025?

Methode Electronics (MEI) declared a quarterly dividend of $0.14 per share for Q1 2025.

When is the ex-dividend date for MEI's Q1 2025 dividend?

Based on the January 17, 2025 record date, the ex-dividend date would be one business day before the record date.

When will Methode Electronics (MEI) pay its Q1 2025 dividend?

Methode Electronics will pay its Q1 2025 dividend on January 31, 2025.

What is the record date for MEI's January 2025 dividend?

The record date for MEI's dividend is January 17, 2025, at the close of business.

How much will MEI shareholders receive in dividends for Q1 2025?

MEI shareholders will receive $0.14 per share in dividends for Q1 2025.