Ahead of Methode Electronics, Inc.
(NYSE:MEI) fourth-quarter report on Wednesday, June 24, some investors may be eyeing potential gains from the company's dividends.
Currently, its annual dividend yield is 1.73%, with a quarterly dividend of 5 cents per share (20 cents per year).
To figure out how to earn $500 monthly from Methode Electronics, start with the yearly target of $6,000 ($500 x 12 months).
Next, divide this amount by Methode Electronics' $0.20 dividend: $6,000 / $0.20 = 30,000 shares.
