Methode Electronics, Inc. (NYSE:MEI – Get Free Report) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Friday, July 17th will be given a dividend of 0.05 per share by the electronics maker on Friday, July 31st. This represents a c) annualized dividend 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%annually over the last three years. Methode Electronics has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance
MEI stock opened at $10.62 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $376.30 million, a price-to-earnings ratio of -5.84 and a beta of 1.59. Methode Electronics has a 12 month low of $4.88 and a 12 month high of $15.55. The firm has a 50 day moving average of $9.15 and a two-hundred day moving average of $7.94.
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.
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