Midwich Group plc (MIDW) to Issue Dividend of GBX 5.50 on October 27th

Midwich Group plc (LON:MIDW) announced a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 21st will be paid a dividend of GBX 5.50 ($0.07) per share on Friday, October 27th. This represents a yield of 1.41%. The ex-dividend date is Thursday, September 21st. The official announcement can be viewed at this link.

Midwich Group Stock Down 3.4 %

Shares of LON MIDW opened at GBX 401 ($4.97) on Tuesday. The firm has a market cap of £414.03 million, a price-to-earnings ratio of 1,949.52 and a beta of 0.77. The company’s 50-day simple moving average is GBX 418.32 and its 200-day simple moving average is GBX 451.05. The company has a quick ratio of 0.78, a current ratio of 1.39 and a debt-to-equity ratio of 79.56. Midwich Group has a 52-week low of GBX 390 ($4.83) and a 52-week high of GBX 558.20 ($6.91).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($9.91) price objective on shares of Midwich Group in a report on Tuesday, September 5th.

Midwich Group Company Profile

Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. Its products support various AV categories, such as displays, projectors, technical and professional video products, audio and digital signage products, and broadcast products, as well as lighting and unified communications.