Methode Electronics, Inc. ( NYSE:MEI – Get Rating ) announced a quarterly dividend on Friday, June 16th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be given a dividend of 0.14 per share by the electronics maker on Friday, July 28th. This represents a $0.56 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 13th. Methode Electronics has raised its dividend by an average of 8.4% per year over the last three years.

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