Methode Electronics’ Board Approves Dividend Increase
June 17 2021 - 4:05PM
Methode Electronics, Inc. (NYSE: MEI), a leading
global supplier of custom-engineered solutions for user interface,
LED lighting system, and power distribution applications, announced
today that its board of directors has declared a quarterly dividend
of $0.14 per share to be paid on July 30, 2021 to common
stockholders of record at the close of business on July 16, 2021.
The amount represents a 27 percent increase from the previously
declared dividend and is further evidence of the company’s
commitment to a balanced capital allocation strategy.
About Methode Electronics,
Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading
global supplier of custom-engineered solutions with sales,
engineering and manufacturing locations in North America, Europe,
Middle East, and Asia. We design, engineer, and produce mechatronic
products for OEMs utilizing our broad range of technologies for
user interface, LED lighting system, power distribution and sensor
applications.
Our solutions are found in the end markets of
transportation (including automotive, commercial vehicle, e-bike,
aerospace, bus, and rail), cloud computing infrastructure,
construction equipment, consumer appliance, and medical devices.
Our business is managed on a segment basis, with those segments
being Automotive, Industrial, Interface and Medical.
For Methode Electronics, Inc.Robert K.
CherryVice President Investor
Relationsrcherry@methode.com708-457-4030
Methode Electronics (NYSE:MEI)
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