Methode Electronics's latest quarterly dividend was on Jul 13, 2023 (ex-date) with a payout of $0.14 per share. At an annualized rate of $0.56 per share, the stock yields 2.45%.
MEI has a dividend yield of 2.45% which is above the Technology sector and the industry average. In comparison with its Technology sector average of 1.86%, Methode Electronics's dividend yield is 32% higher. The current dividend yield is higher than the historical average of 1.4% of the last 5 years.
Methode Electronics has been paying dividends since 1995. MEI has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. However with the price of the stock down by 38% from a year ago, the dividend yield has increased by 63%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 13, 2023 | Jul 28, 2023 | Jun 15, 2023 | $0.14 | normal |
| Apr 13, 2023 | Apr 28, 2023 | Mar 16, 2023 | $0.14 | normal |
| Jan 12, 2023 | Jan 27, 2023 | Dec 15, 2022 | $0.14 | normal |
| Oct 13, 2022 | Oct 28, 2022 | Sep 14, 2022 | $0.14 | normal |
| Jul 14, 2022 | Jul 29, 2022 | Jun 16, 2022 | $0.14 | normal |
| Apr 13, 2022 | Apr 29, 2022 | Mar 17, 2022 | $0.14 | normal |
| Jan 13, 2022 | Jan 28, 2022 | Dec 9, 2021 | $0.14 | normal |
| Oct 14, 2021 | Oct 29, 2021 | Sep 15, 2021 | $0.14 | normal |
| Jul 15, 2021 | Jul 30, 2021 | Jun 17, 2021 | $0.14 | normal |
| Apr 15, 2021 | Apr 30, 2021 | Mar 18, 2021 | $0.11 | normal |
| Jan 14, 2021 | Jan 29, 2021 | Dec 14, 2020 | $0.11 | normal |
| Oct 15, 2020 | Oct 30, 2020 | Sep 16, 2020 | $0.11 | normal |
| Jul 16, 2020 | Jul 31, 2020 | Jun 18, 2020 | $0.11 | normal |
| Apr 16, 2020 | May 1, 2020 | Mar 19, 2020 | $0.11 | normal |
| Jan 16, 2020 | Jan 31, 2020 | Dec 11, 2019 | $0.11 | normal |
| Oct 10, 2019 | Oct 25, 2019 | Sep 12, 2019 | $0.11 | normal |
| Jul 11, 2019 | Jul 26, 2019 | Jun 13, 2019 | $0.11 | normal |
| Apr 11, 2019 | Apr 26, 2019 | Mar 15, 2019 | $0.11 | normal |
| Jan 10, 2019 | Jan 25, 2019 | Dec 13, 2018 | $0.11 | normal |
| Oct 11, 2018 | Oct 26, 2018 | Sep 13, 2018 | $0.11 | normal |
| Jul 12, 2018 | Jul 27, 2018 | Jun 14, 2018 | $0.11 | normal |
| Apr 12, 2018 | Apr 27, 2018 | Mar 15, 2018 | $0.11 | normal |
| Jan 11, 2018 | Jan 26, 2018 | Dec 15, 2017 | $0.11 | normal |
| Oct 12, 2017 | Oct 27, 2017 | Sep 14, 2017 | $0.09 | normal |
| Jul 12, 2017 | Jul 28, 2017 | Jun 15, 2017 | $0.09 | normal |
| Apr 11, 2017 | Apr 28, 2017 | Mar 16, 2017 | $0.09 | normal |
| Jan 11, 2017 | Jan 27, 2017 | Dec 15, 2016 | $0.09 | normal |
| Oct 12, 2016 | Oct 28, 2016 | Sep 15, 2016 | $0.09 | normal |
| Jul 13, 2016 | Jul 29, 2016 | Jun 16, 2016 | $0.09 | normal |
MEI has a payout ratio of 35.4% which is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 32.6%, Methode Electronics's payout ratio is 9% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MMM 3M Co | 6.65% | $5.99 | N/A |
| MEI Methode Electronics Inc | 2.41% | $0.56 | 35.4% |
| TEL TE Connectivity Ltd | 1.87% | $2.3 | 35.3% |
| APH Amphenol Corp | 1.02% | $0.84 | 26.3% |
Yes, Methode Electronics has been paying dividends for the last 29 years.
MEI's next dividend date is Oct 12, 2023 (ex-date).
Methode Electronics's last regular dividend was on Jul 13, 2023 (ex-date) with the amount of $0.14 per share.
MEI has paid dividend of $0.56 per share in the last year.
The current dividend yield of Methode Electronics is 2.45%.
Methode Electronics pays four dividends per year.
Methode Electronics's dividend payout ratio is 35.4%.
Methode Electronics's dividend yield is higher than the Technology sector average.