Leading up to the fourth-quarter report of Methode Electronics, Inc. (NYSE: MEI) on June 24, investors are looking at potential gains from the company's dividends. The current annual dividend yield stands at 1.73%, with a quarterly dividend of 5 cents per share (totaling 20 cents per year). To achieve a monthly income of $500 from Methode Electronics, one would need to aim for a yearly target of $6,000 ($500 x 12 months). By dividing this amount by the $0.20 dividend, the calculation comes to $6,000 / $0.20 = 30,000 shares. Consequently, an investor would require owning around $347,100 worth of Methode Electronics, equivalent to 30,000 shares, to generate a monthly dividend income of $500. For a more modest goal of $100 monthly ($1,200 annually), the same formula applies: $1,200 / $0.20 = 6,000 shares, or $69,420 in total to produce a monthly dividend income of $100. It's important to note that the dividend information and further details can be found on Benzinga.com.