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

Methode Electronics, Inc. (NYSE:MEI) declared a quarterly dividend on Wednesday, March 18th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, April 17th.

Methode Electronics has raised 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% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE MEI opened at $5.32 on Thursday. The stock has a fifty day moving average price of $7.71 and a 200 day moving average price of $7.40. Methode Electronics has a 1-year low of $5.03 and a 1-year high of $10.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.41 and a quick ratio of 1.55. The company has a market cap of $188.31 million, a PE ratio of -2.92 and a beta of 1.06.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings data on Thursday, March 5th. The electronics maker reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $219.44 million. Sell-side analysts forecast that Methode Electronics will post -0.4 EPS for the current year.

Methode Electronics Company Profile

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.