Midwich Group plc (LON:MIDW – Get Free Report)’s share price traded down 2.8% on Friday . The stock traded as low as GBX 416 ($5.14) and last traded at GBX 423 ($5.22). 105,788 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 172,102 shares. The stock had previously closed at GBX 435 ($5.37).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($8.77) price target on shares of Midwich Group in a research note on Thursday, February 15th.
Check Out Our Latest Stock Analysis on MIDW
Midwich Group Price Performance
Midwich Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 9th will be given a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 2.78%. This is a boost from Midwich Group’s previous dividend of $5.50. Midwich Group’s dividend payout ratio (DPR) is presently 6,296.30%.
Insider Buying and Selling
In related news, insider Stephen Lamb sold 115,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of GBX 413 ($5.10), for a total transaction of £477,200.85 ($589,427.93). 22.15% of the stock is currently owned by corporate insiders.
Midwich Group Company Profile
Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America. Its products support 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.
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