Methode Electronics, Inc. (NYSE:MEI) Declares $0.07 Quarterly Dividend

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.

Methode Electronics Company Profile

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.

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