Methode Electronics Inc. (MEI) Announces Quarterly Dividend of $0.09
Methode Electronics (NYSE:MEI) declared a quarterly dividend on Thursday, June 19th, Stock Ratings News reports. Investors of record on Friday, July 18th will be given a dividend of 0.09 per share on Friday, August 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%.
On a related note, analysts at FBR Capital Markets initiated coverage on shares of Methode Electronics in a research note on Friday, May 2nd. They set an “outperform” rating and a $37.00 price target on the stock.
Shares of Methode Electronics (NYSE:MEI) traded up 0.12% during mid-day trading on Thursday, hitting $33.30. The stock had a trading volume of 245,803 shares. Methode Electronics has a 52-week low of $14.31 and a 52-week high of $37.53. The stock’s 50-day moving average is $30.32 and its 200-day moving average is $31.80. The company has a market cap of $1.263 billion and a P/E ratio of 21.72.
Methode Electronics, Inc is a manufacturer of component and subsystem devices with manufacturing, designs and testing facilities in China, Egypt, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States.
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