Street Calls of the Week
CHICAGO - Methode Electronics, Inc. (NYSE:MEI) announced Friday that its board of directors has declared a quarterly dividend of $0.05 per share to be paid on October 31, 2025, to common stockholders of record at the close of business on October 29, 2025. The company has maintained dividend payments for 44 consecutive years, with shares currently yielding 3.81%.
Methode Electronics is a global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications. The company, currently valued at $248 million, serves various end markets including transportation, cloud computing infrastructure, construction equipment, and consumer appliances. According to InvestingPro analysis, the stock appears undervalued, trading at just 0.36 times book value. Get access to 10+ additional exclusive ProTips and comprehensive analysis with InvestingPro.
The company operates through three business segments: Automotive, Industrial, and Interface.
The dividend announcement was made in a press release statement issued by the company.
In other recent news, Methode Electronics reported its first-quarter fiscal 2026 earnings, revealing a mixed performance. The company experienced a slight miss in earnings per share (EPS), with an adjusted diluted loss per share of $0.22, which was below the forecast of $0.20. However, Methode Electronics exceeded revenue expectations, posting $240.5 million against the anticipated $232.55 million. Additionally, shareholders at Methode Electronics’ annual meeting approved all proposals, including the election of seven directors and the ratification of the company’s independent auditor. The directors elected to serve until the next annual meeting are David P. Blom, Therese M. Bobek, Brian J. Cadwallader, Bruce K. Crowther, Jonathan B. DeGaynor, Mary A. Lindsey, and Mark D. Schwabero. Each nominee received substantial support, with votes in favor exceeding 25 million. These developments reflect recent activities surrounding Methode Electronics.
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