Methode Electronics, Inc. (NYSE:MEI) Declares Quarterly Dividend of $0.05

Methode Electronics, Inc. (NYSE:MEI) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.05 per share by the electronics maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th.

Methode Electronics has increased its dividend payment by an average of 0.0%per year over the last three years. Methode Electronics has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Methode Electronics to earn ($0.75) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -26.7%.

Methode Electronics Trading Down 1.5%

Shares of NYSE MEI opened at $10.62 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.55 and a current ratio of 2.41. The business’s 50 day moving average price is $9.15 and its 200-day moving average price is $7.94. Methode Electronics has a fifty-two week low of $4.88 and a fifty-two week high of $15.55. The company has a market cap of $376.30 million, a price-to-earnings ratio of -5.84 and a beta of 1.59.

About Methode Electronics

Methode Electronics, Inc is a Chicago-based global manufacturer of custom-engineered electronic and electromechanical components and assemblies. Founded in 1946, Methode specializes in providing solutions that integrate electrical connectors, sensors, switches, human-machine interface devices and power distribution modules. The company’s product portfolio addresses complex application requirements across a broad range of end markets, including automotive, industrial, energy, healthcare and data/telecommunications.

In its automotive segment, Methode develops advanced connector systems, circuit protection devices and thermal management solutions for internal combustion, hybrid and electric vehicles.