Methode Electronics, Inc. (NYSE:MEI - Get Free Report) announced a quarterly dividend on Wednesday, July 9th, RTT News reports. Investors of record on Monday, July 21st will be given a dividend of 0.07 per share by the electronics maker on Friday, August 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.73%.
Methode Electronics has a dividend payout ratio of 70.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Methode Electronics to earn $0.37 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 151.4%.
Methode Electronics Trading Down 1.2%
Shares of MEI stock traded down $0.12 on Wednesday, reaching $10.27. 677,775 shares of the stock were exchanged, compared to its average volume of 419,782. The stock has a market cap of $366.54 million, a P/E ratio of -3.93 and a beta of 1.01. The company has a quick ratio of 1.75, a current ratio of 2.84 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $8.36 and a two-hundred day moving average of $8.83. Methode Electronics has a 1-year low of $5.08 and a 1-year high of $17.45.
Methode Electronics (NYSE:MEI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.85). Methode Electronics had a negative net margin of 8.57% and a negative return on equity of 2.82%. On average, research analysts anticipate that Methode Electronics will post -0.4 EPS for the current year.
Institutional Trading of Methode Electronics
An institutional investor recently bought a new position in Methode Electronics stock. Strs Ohio bought a new stake in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,900 shares of the electronics maker's stock, valued at approximately $133,000. Strs Ohio owned approximately 0.06% of Methode Electronics at the end of the most recent reporting period. Institutional investors own 95.49% of the company's stock.
Wall Street Analyst Weigh In
Separately, Robert W. Baird lowered their price target on Methode Electronics from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th.
Read Our Latest Analysis on MEI
Methode Electronics Company Profile
(
Get Free Report)
Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Methode Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Methode Electronics wasn't on the list.
While Methode Electronics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.