Midwich Group plc Announces Dividend of GBX 5.50 (LON:MIDW)

Midwich Group plc (LON:MIDW) declared a dividend on Tuesday, September 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 5.50 ($0.07) per share on Friday, October 18th. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be accessed at this link.

Midwich Group Stock Performance

Shares of MIDW traded up GBX 21.20 ($0.28) during trading hours on Wednesday, hitting GBX 323.20 ($4.23). The company had a trading volume of 6,836,521 shares, compared to its average volume of 266,928. The firm has a market cap of £331.44 million, a price-to-earnings ratio of 1,118.52 and a beta of 0.68. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 82.76. The business has a fifty day moving average of GBX 344.84 and a 200-day moving average of GBX 378.79. Midwich Group has a 12 month low of GBX 300 ($3.92) and a 12 month high of GBX 451 ($5.90).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 620 ($8.11) price objective on shares of Midwich Group in a report on Tuesday, September 3rd.

About Midwich Group

Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. The company distributes 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 products.