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CHICAGO, Dec. 15, 2017 -- Methode Electronics, Inc. (NYSE:MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid on January 26, 2018, to common stockholders of record at the close of business on January 12, 2018. This quarterly dividend represents an increase of $0.02, or 22 percent, per share over the prior quarterly dividend of $0.09.
President and Chief Executive Officer Donald W. Duda said, “Consistent with our commitment of returning capital to our stockholders, we are pleased to increase our quarterly cash dividend 22 percent. Our business continues to generate strong operating cash flows, enabling us to continue to invest in strategic growth opportunities, while also returning capital to stockholders and improving shareholder value.”
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE:MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in Belgium, Canada, China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the United Kingdom and the United States. We design, manufacture and market devices employing electrical, electronic, wireless, safety radio remote control, sensing and optical technologies to control and convey signals through sensors, interconnections and controls. Our business is managed on a segment basis, with those segments being Automotive, Interface, Power Products and Other. Our components are in the primary end markets of the automobile, computer, information processing and networking equipment, voice and data communication systems, consumer electronics, appliances, aerospace vehicles and industrial equipment industries. Further information can be found on Methode's Web site www.methode.com.
For Methode Electronics, Inc. - Investor Contacts:
Kristine Walczak, Dresner Corporate Services, 312-780-7205, [email protected]
