Methode Stock To Go Ex-dividend Tomorrow (MEI)

NEW YORK ( TheStreet) -- The ex-dividend date for Methode Electronics (NYSE: MEI) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $8.72 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Methode has been 123,500 shares per day over the past 30 days. Methode has a market cap of $380.6 million and is part of the technology sector and electronics industry. Shares are up 4.6% year to date as of the close of trading on Monday.

Methode Electronics, Inc. engages in the design and manufacture of electro-mechanical devices in North America, Europe, and the Asia-Pacific. The company has a P/E ratio of 26.8, above the average electronics industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Methode as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Methode Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Stocks Rise, GE Dropped From the Dow, Starbucks, Oracle - 5 Things You Must Know

Stocks Rise, GE Dropped From the Dow, Starbucks, Oracle - 5 Things You Must Know

Starbucks Slides After 'Unacceptable' Performance Leads to U.S. Store Closures

Starbucks Slides After 'Unacceptable' Performance Leads to U.S. Store Closures

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI