Ahead of its fourth-quarter report on June 24, Methode Electronics, Inc. (NYSE: MEI) has drawn investor attention due to its annual dividend yield of 1.73%, equating to a quarterly dividend of 5 cents per share (20 cents per year). To achieve a monthly income of $500 from Methode Electronics, one would need approximately 30,000 shares, totaling $347,100 based on the $0.20 dividend. A more modest goal of $100 monthly would require around 6,000 shares, amounting to $69,420. These calculations are based on the current dividend rate. The full story can be found on Benzinga.com.