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

Midwich Group plc (LON:MIDW) announced 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 is Thursday, September 12th. The official announcement can be viewed at this link.

Midwich Group Price Performance

LON MIDW opened at GBX 303.43 ($3.97) on Tuesday. Midwich Group has a 12 month low of GBX 303.43 ($3.97) and a 12 month high of GBX 451 ($5.90). The firm has a market capitalization of £311.17 million, a PE ratio of 1,148.15 and a beta of 0.68. The company’s 50 day simple moving average is GBX 346.40 and its 200 day simple moving average is GBX 379.22. The company has a debt-to-equity ratio of 82.76, a current ratio of 1.43 and a quick ratio of 0.78.

Wall Street Analysts Forecast Growth

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

Midwich Group Company Profile

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.