M.T.I Wireless Edge Ltd. (LON:MWE) Announces Dividend Increase – $0.03 Per Share

M.T.I Wireless Edge Ltd. (LON:MWE) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of $0.03 per share on Friday, April 11th. This represents a yield of 4.39%. The ex-dividend date is Thursday, March 27th. This is a 6.5% increase from M.T.I Wireless Edge’s previous dividend of $0.03. The official announcement can be seen at this link.

M.T.I Wireless Edge Stock Performance

LON MWE traded down GBX 1.85 ($0.02) during trading on Tuesday, reaching GBX 57.65 ($0.75). 526,368 shares of the company’s stock were exchanged, compared to its average volume of 208,862. The business has a 50 day moving average price of GBX 53.87 and a 200-day moving average price of GBX 48.32. The stock has a market capitalization of £62.19 million, a P/E ratio of 14.69 and a beta of 1.03. The company has a debt-to-equity ratio of 3.04, a current ratio of 2.94 and a quick ratio of 2.15. M.T.I Wireless Edge has a fifty-two week low of GBX 34.50 ($0.45) and a fifty-two week high of GBX 70.90 ($0.92).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research report on Monday.

About M.T.I Wireless Edge

MTI Wireless Edge Ltd (“MTI”) is an international, specialist technology group focused on comprehensive communication and radio frequency solutions across multiple sectors and geographies, serving blue chip clients.
The Company operates through three distinct divisions:
• Antenna Division
MTI is a world leader in the design, development and production of high quality, state-of-the-art, cost-effective antenna solutions for wireless applications, supplying both military and commercial markets.