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

M.T.I Wireless Edge Ltd. (LON:MWE) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be paid 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 accessed at this link.

M.T.I Wireless Edge Stock Down 3.1 %

Shares of M.T.I Wireless Edge stock traded down GBX 1.85 ($0.02) during trading on Tuesday, reaching GBX 57.65 ($0.75). The stock had a trading volume of 526,368 shares, compared to its average volume of 208,862. The company has a market capitalization of £62.19 million, a price-to-earnings ratio of 14.69 and a beta of 1.03. The stock has a fifty day moving average price of GBX 53.87 and a two-hundred day moving average price of GBX 48.32. M.T.I Wireless Edge has a 52 week low of GBX 34.50 ($0.45) and a 52 week high of GBX 70.90 ($0.92). The company has a current ratio of 2.94, a quick ratio of 2.15 and a debt-to-equity ratio of 3.04.

Analysts Set New Price Targets

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