Methode Electronics’ Board Approves Dividend

Rhea-AI Summary

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, scheduled for payment on January 27, 2023. Stockholders must be on record by the close of business on January 13, 2023 to receive this dividend. The company is a leading global supplier specializing in custom-engineered solutions across various sectors including automotive and medical devices, with a diverse product range such as user interfaces and power distribution applications.

Positive

• Quarterly dividend declared at $0.14 per share.
• Dividend payment demonstrates company confidence in financial stability.

Negative

• None.

News Market Reaction – MEI

-1.14%

1 alert

-1.14% News Effect

On the day this news was published, MEI declined 1.14%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, Dec. 15, 2022 (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 27, 2023, to common stockholders of record at the close of business on January 13, 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 for Methode Electronics is $0.14 per share.

When will the dividend for MEI be paid?

The dividend will be paid on January 27, 2023.

What is the record date for the dividend payment for MEI?

The record date for the dividend payment is January 13, 2023.

How often does Methode Electronics pay dividends?

Methode Electronics pays dividends quarterly.