MEI Buyback

Methode Electronics, Inc. Buyback

OLI recorded this information on 6/16/2022

Company:

Methode Electronics, Inc.

Buyback:

MEI buyback

$Amount Authorized:

$100,000,000

Buyback Details:

Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, 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 29, 2022, to common stockholders of record at the close of business on July 15, 2022. The company also announced today that its board of directors has authorized an increase to the company's existing share buyback program. The board of directors authorized the purchase of an additional $100 million of the company's outstanding common stock to the authorization from March 2021, bringing the total program authorization to $200 million. As of April 30, 2022, a total of 1,593,139 shares have been purchased under the authorization at a total cost of $71.2 million.

Methode Electronics is a supplier of custom engineered solutions. Co.'s segments are: Automotive, which supplies electronic and electro-mechanical devices and related products; Industrial, which manufactures external lighting solutions, including driving, work, and signal lights, industrial safety radio remote controls, braided flexible cables, current-carrying laminated and powder-coated busbars, high-voltage high current connector and contracts; Interface, which provides copper-based transceivers and related accessories; and Medical, which is made up of its medical device business, Dabir Surfaces, Inc., its surface support technology aimed at pressure injury prevention.

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MEI — Key Stats (updated Fri., Apr. 26, 10:31 AM)

Company Name:	Methode Electronics Inc
Stock buyback:	MEI buyback
Website:	www.methode.com
Sector:	Electronic Equipment & Products
Number of ETFs Holding MEI:	48
Total Market Value Held by ETFs:	$113.61M
Total Market Capitalization:	$435.00M
% of Market Cap. Held by ETFs:	26.12%

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Methode Electronics, Inc. Buyback

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