Leading up to Methode Electronics, Inc.'s (NYSE: MEI) upcoming fourth-quarter report on June 24, stakeholders are considering potential gains from the organization's dividends. At present, the company offers an annual dividend yield of 1.73%, equating to a quarterly dividend of 5 cents per share and 20 cents per year. To achieve a monthly income of $500 from Methode Electronics, the investor would need to aim for a yearly total of $6,000. By dividing this figure by the $0.20 dividend, it's calculated that 30,000 shares would be necessary, representing an approximate investment of $347,100. For a more modest goal of $100 per month ($1,200 per year), the same computation indicates a requirement of 6,000 shares or an investment of about $69,420. It's important to note that these figures are based on the company's current dividend policy. More information can be found on Benzinga.com.