M.T.I Wireless Edge Ltd. (LON:MWE) Plans 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 paid 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 Down 1.1 %

LON:MWE opened at GBX 54.88 ($0.71) on Tuesday. 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). The stock has a 50-day moving average price of GBX 54.71 and a two-hundred day moving average price of GBX 48.90. The stock has a market cap of £59.20 million, a price-to-earnings ratio of 13.98 and a beta of 1.03. The company has a current ratio of 2.94, a quick ratio of 2.15 and a debt-to-equity ratio of 3.04.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of M.T.I Wireless Edge in a research note on Monday, March 17th.

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.