Methode electronics' board approves dividend increase

Chicago, june 17, 2021 (globe newswire) -- methode electronics, inc. (nyse: mei), a leading global supplier of custom-engineered solutions for user interface, led lighting system, 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 30, 2021 to common stockholders of record at the close of business on july 16, 2021. the amount represents a 27 percent increase from the previously declared dividend and is further evidence of the company's commitment to a balanced capital allocation strategy.
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