M.T.I Wireless Edge Ltd. (LON:MWE) Increases Dividend to $0.03 Per Share

M.T.I Wireless Edge Ltd. (LON:MWE - Get Free Report) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of $0.03 per share on Friday, April 11th. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend 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 viewed at this link.

M.T.I Wireless Edge Trading Down 0.3 %

Shares of M.T.I Wireless Edge stock traded down GBX 0.20 ($0.00) during trading on Friday, hitting GBX 58.30 ($0.75). The stock had a trading volume of 114,893 shares, compared to its average volume of 203,335. The stock has a 50 day simple moving average of GBX 54.60 and a 200 day simple moving average of GBX 48.70. The company has a market capitalization of £62.89 million, a PE ratio of 14.86 and a beta of 1.03. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 3.04. M.T.I Wireless Edge has a 1 year low of GBX 34.50 ($0.45) and a 1 year high of GBX 70.90 ($0.92).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of M.T.I Wireless Edge in a research report on Monday, March 17th.

Remove Ads

M.T.I Wireless Edge Company Profile

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.