Methode Electronics, Inc. (MEI) To Go Ex-Dividend on January 16th

Methode Electronics, Inc. (NYSE:MEI) declared 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 2.8%. The ex-dividend date of this dividend is Friday, January 16th.

Methode Electronics has increased its dividend 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. 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

MEI stock opened at $7.10 on Wednesday. The stock has a 50-day moving average price of $7.00 and a two-hundred day moving average price of $7.28. Methode Electronics has a 1 year low of $5.08 and a 1 year high of $13.31. The stock has a market cap of $251.30 million, a PE ratio of -3.99 and a beta of 1.07. The company has a current ratio of 2.55, a quick ratio of 1.68 and a debt-to-equity ratio of 0.49.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Wednesday, December 3rd. The electronics maker reported ($0.19) EPS for the quarter, beating 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%. Equities analysts forecast that Methode Electronics will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MEI. Robert W. Baird upped their price target on Methode Electronics from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Zacks Research upgraded shares of Methode Electronics to a “hold” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Methode Electronics in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.50.

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.