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

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

Methode Electronics has decreased its dividend payment by an average of 0.1%annually over the last three years. Methode Electronics has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE MEI opened at $13.24 on Thursday. Methode Electronics has a 1-year low of $4.88 and a 1-year high of $20.38. The company has a 50 day moving average of $15.65 and a 200-day moving average of $11.79. The company has a current ratio of 2.41, a quick ratio of 1.65 and a debt-to-equity ratio of 0.47. The firm has a market cap of $472.15 million, a price-to-earnings ratio of -12.73 and a beta of 1.54.

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

Institutional Trading of Methode Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of Methode Electronics during the 2nd quarter worth approximately $40,000. Integrated Wealth Concepts LLC acquired a new position in Methode Electronics in the second quarter valued at approximately $64,000. Legal & General Group Plc acquired a new position in Methode Electronics in the second quarter valued at approximately $65,000. State of Wyoming bought a new position in Methode Electronics in the first quarter valued at approximately $93,000. Finally, Quantbot Technologies LP bought a new position in Methode Electronics in the second quarter valued at approximately $212,000. 95.49% of the stock is owned by institutional investors.

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.