Midwich Group plc (LON:MIDW) Declares GBX 5.50 Dividend

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

Midwich Group Trading Up 0.3 %

Shares of Midwich Group stock opened at GBX 325 ($4.27) on Tuesday. The company has a debt-to-equity ratio of 82.76, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a 50-day moving average of GBX 352.79 and a 200-day moving average of GBX 380.53. Midwich Group has a 52-week low of GBX 310 ($4.08) and a 52-week high of GBX 451 ($5.93). The stock has a market cap of £333.29 million, a PE ratio of 1,200.00 and a beta of 0.68.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 ($8.15) price objective on shares of Midwich Group in a report on Thursday, July 18th.

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.