Methode Electronics Inc. (NYSE:MEI) declared a quarterly dividend on Wednesday, September 16th, Zacks reports. Investors of record on Friday, October 16th will be paid a dividend of 0.11 per share by the electronics maker on Friday, October 30th. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, October 15th.

Methode Electronics has raised its dividend payment by 22.2% over the last three years and has raised its dividend every year for the last 1 years.

NYSE MEI traded up $0.21 on Friday, reaching $27.87. The company had a trading volume of 710 shares, compared to its average volume of 227,106. The company has a quick ratio of 2.96, a current ratio of 3.74 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average is $29.39 and its 200 day moving average is $29.22. Methode Electronics has a 52-week low of $21.76 and a 52-week high of $41.70. The stock has a market capitalization of $1.04 billion, a P/E ratio of 9.07 and a beta of 1.24.

Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, September 3rd. The electronics maker reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.28. Methode Electronics had a net margin of 12.26% and a return on equity of 14.14%. The company had revenue of $190.90 million during the quarter, compared to the consensus estimate of $174.30 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was down 29.3% on a year-over-year basis.

Several research firms have recently issued reports on MEI. Zacks Investment Research raised Methode Electronics from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. TheStreet lowered Methode Electronics from a “b-” rating to a “c+” rating in a research report on Monday. Finally, ValuEngine upgraded shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.00.

Methode Electronics Company Profile

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

Read More: What is the Ex-Dividend Date in Investing?

Dividend History for Methode Electronics (NYSE:MEI)

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