Methode Electronics, Inc. (MEI) To Go Ex-Dividend on April 17th

Methode Electronics, Inc. (NYSE:MEI) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Friday, April 17th will be given a dividend of 0.05 per share by the electronics maker on Friday, May 1st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, April 17th.

Methode Electronics has increased its dividend by an average of 0.0%per year over the last three years. Methode Electronics has a dividend 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 Price Performance

NYSE MEI opened at $7.43 on Wednesday. The firm’s fifty day simple moving average is $7.10 and its two-hundred day simple moving average is $7.16. The company has a current ratio of 2.41, a quick ratio of 1.55 and a debt-to-equity ratio of 0.50. Methode Electronics has a 12-month low of $4.88 and a 12-month high of $10.77. The firm has a market capitalization of $263.24 million, a P/E ratio of -4.08 and a beta of 1.19.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, March 5th. The electronics maker reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.11). Methode Electronics had a negative return on equity of 8.04% and a negative net margin of 6.58%.The firm had revenue of $233.70 million during the quarter, compared to analysts’ expectations of $219.44 million. Analysts forecast that Methode Electronics will post -0.4 EPS for the current fiscal year.

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.