Methode Electronics Inc. (MEI) To Go Ex-Dividend on October 15th
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.
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?
Receive News & Ratings for Methode Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics and related companies with MarketBeat.com's FREE daily email newsletter.