Methode Electronics, Inc. (NYSE:MEI) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.09 per share by the electronics maker on Friday, October 27th. This represents a $0.36 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 12th.

Methode Electronics has raised its dividend payment by an average of 19.7% per year over the last three years. Methode Electronics has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Methode Electronics to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 12.8%.

Shares of Methode Electronics (NYSE:MEI) traded up 1.15% on Friday, reaching $39.50. 314,075 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $38.79 and its 200-day moving average price is $41.29. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.06 and a beta of 0.76. Methode Electronics has a 52 week low of $29.85 and a 52 week high of $46.40.

Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.12. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The firm had revenue of $201.20 million during the quarter, compared to the consensus estimate of $189.40 million. During the same quarter in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that Methode Electronics will post $2.53 EPS for the current year.

Several brokerages recently weighed in on MEI. Zacks Investment Research raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. FBR & Co reissued a “buy” rating on shares of Methode Electronics in a research note on Thursday, August 31st. BidaskClub raised shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $49.00 price objective on shares of Methode Electronics in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Methode Electronics has a consensus rating of “Hold” and an average price target of $48.25.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at

About Methode Electronics

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

Dividend History for Methode Electronics (NYSE:MEI)

Receive News & Ratings for Methode Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics Inc. and related companies with's FREE daily email newsletter.