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

Methode Electronics, Inc. (NYSE:MEI) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, January 16th will be paid a dividend of 0.05 per share by the electronics maker on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 16th.

Methode Electronics has raised its dividend payment by an average of 0.0%per year over the last three years. Methode Electronics has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Methode Electronics to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 54.1%.

Methode Electronics Trading Up 2.4%

MEI stock traded up $0.16 during midday trading on Thursday, hitting $6.82. The stock had a trading volume of 13,122 shares, compared to its average volume of 380,556. The company’s 50-day moving average price is $7.07 and its 200 day moving average price is $7.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.55 and a quick ratio of 1.68. The firm has a market cap of $241.50 million, a PE ratio of -3.81 and a beta of 1.08. Methode Electronics has a 12-month low of $5.08 and a 12-month high of $13.31.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Wednesday, December 3rd. The electronics maker reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The company had revenue of $246.90 million for the quarter, compared to analyst estimates of $237.69 million. Methode Electronics had a negative return on equity of 7.10% and a negative net margin of 6.39%. On average, equities research analysts predict that Methode Electronics will post -0.4 earnings per share for the current fiscal year.

About Methode Electronics

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.