Methode Electronics (MEI) Announces $0.14 Dividend, Increases Share Buyback by $100M

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Methode Electronics’ Board Approves Dividend and Authorizes $100 Million Increase to Existing Share Buyback Program

June 16, 2022 4:05 PM EDT

CHICAGO, June 16, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, 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 29, 2022, to common stockholders of record at the close of business on July 15, 2022.

The company also announced today that its board of directors has authorized an increase to the companys existing share buyback program. The board of directors authorized the purchase of an additional... More