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

Methode Electronics, Inc. (NYSE:MEI) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 16th will be paid a dividend of 0.05 per share by the electronics maker on Friday, October 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 16th.

Methode Electronics has decreased its dividend by an average of 0.1%annually 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 ($0.16) 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 -125.0%.

Methode Electronics Price Performance

Methode Electronics stock opened at $13.54 on Friday. Methode Electronics has a 52-week low of $4.88 and a 52-week high of $20.38. The firm has a market capitalization of $482.52 million, a price-to-earnings ratio of -13.01 and a beta of 1.54. The company has a fifty day simple moving average of $15.61 and a 200-day simple moving average of $11.83. The company has a quick ratio of 1.65, a current ratio of 2.41 and a debt-to-equity ratio of 0.47.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Wednesday, September 2nd. The electronics maker reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.05. The firm had revenue of $265.40 million for the quarter, compared to the consensus estimate of $238.31 million. Methode Electronics had a negative net margin of 3.52% and a negative return on equity of 5.63%. On average, equities analysts anticipate that Methode Electronics will post -0.81 EPS for the current fiscal year.

Methode Electronics Company Profile

Methode Electronics, Inc (NYSE: MEI) is a global designer and manufacturer of custom-engineered products and solutions for automotive, industrial, aerospace, commercial and other specialized markets. The company develops technologies that help customers manage electrical power, transmit signals, sense operating conditions and control equipment.

Its product portfolio includes sensors and sensor-based systems, user-interface and control products, LED lighting and display solutions, power distribution and electrical components, connectors, and other electromechanical assemblies.