Commitment to Shareholders amid Decreased Earnings: Methode Electronics Ensures Steady Distribution
By the end of today, July 28, 2023, Methode Electronics (NYSE:MEI) is set to deliver a dividend payout of $0.14 per share, equating to an annualized dividend yield of 1.51%. The company's dividend payout went ex-dividend on July 13, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Methode Electronics Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-13 | 4 | $0.14 | 1.51% | 2023-06-15 | 2023-07-14 | 2023-07-28 |
| 2023-04-13 | 4 | $0.14 | 1.35% | 2023-03-16 | 2023-04-14 | 2023-04-28 |
| 2023-01-12 | 4 | $0.14 | 1.21% | 2022-12-15 | 2023-01-13 | 2023-01-27 |
| 2022-10-13 | 4 | $0.14 | 1.44% | 2022-09-14 | 2022-10-14 | 2022-10-28 |
| 2022-07-14 | 4 | $0.14 | 1.42% | 2022-06-16 | 2022-07-15 | 2022-07-29 |
| 2022-04-13 | 4 | $0.14 | 1.31% | 2022-03-17 | 2022-04-14 | 2022-04-29 |
| 2022-01-13 | 4 | $0.14 | 1.24% | 2021-12-09 | 2022-01-14 | 2022-01-28 |
| 2021-10-14 | 4 | $0.14 | 1.31% | 2021-09-15 | 2021-10-15 | 2021-10-29 |
| 2021-07-15 | 4 | $0.14 | 1.16% | 2021-06-17 | 2021-07-16 | 2021-07-30 |
| 2021-04-15 | 4 | $0.11 | 0.98% | 2021-03-19 | 2021-04-16 | 2021-04-30 |
| 2021-01-14 | 4 | $0.11 | 1.17% | 2020-12-14 | 2021-01-15 | 2021-01-29 |
| 2020-10-15 | 4 | $0.11 | 1.56% | 2020-09-16 | 2020-10-16 | 2020-10-30 |
In terms of dividend yield, Methode Electronics finds itself in the middle ground among its industry peers, while Deswell Indus (NASDAQ:DSWL) takes the lead with the highest annualized dividend yield at 7.84%.
Analyzing Methode Electronics Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.44 to $0.56, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Methode Electronics
The earnings chart displays a decline in Methode Electronics's earnings per share, decreasing from $2.84 in 2019 to $2.55 in 2022. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
In this article, we explore the recent dividend payout of Methode Electronics and its significance for shareholders. The company has decided to distribute a dividend of $0.14 per share today, which equates to an annualized dividend yield of 1.51%.
In terms of dividend yield, Methode Electronics finds itself in the middle ground among its industry peers, while Deswell Indus takes the lead with the highest annualized dividend yield at 7.84%.
The increase in dividend per share from 2019 to 2022 combined with a decrease in earnings per share for Methode Electronics suggests a strategic decision to prioritize shareholder returns over earnings growth.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.