MTI Wireless Edge
Website:
MTI Wireless Edge
Index:
AIM
EPIC: MWE
Supersector:
Technology
Sector:
Technology Hardware and Equipment
Subsector:
Telecommunications Equipment
Market Cap:
£57.75M
Payout Frequency: Annual
MTI Wireless Edge Dividend Analysis and Summary
Declared Dividend (Final)
- Dividend per share: 3.4 US cents (up 3% YoY from 3.3 US cents)
- Ex-dividend date: 26/03/2026
- Record date: 27/03/2026
- Payment date: 14/04/2026
- Currency: Declared in USD; GBP cash amount to be set using FX on 31/03/2026
- Scrip alternative: No scrip dividend option
- Estimated cash outlay: ~US$3.01m (company estimate)
Coverage and Sustainability
- Earnings cover: FY25 EPS 5.86 US cents; the final dividend equals ~58% of EPS (final only).
- Cash flow cover: FY25 operating cash flow US$7.0m vs. dividend outlay ~US$3.01m ˜ 2.3x cash cover.
- Balance sheet support: Net cash of US$9.4m at year-end provides ample headroom.
- Earnings momentum: Revenue +13% to US$51.5m; profit from operations +29%; net profit +11% — supportive of a maintained or gradually progressive dividend.
Dividend Growth Trajectory
- Final DPS increased 3% YoY; a measured step-up aligned with steady profit and cash generation.
- With EPS up 17% in FY25 and healthy order backlog across Defence, 5G backhaul antennas (ABS) and Water solutions, scope exists for further progression if execution and demand hold.
Capital Allocation and Policy Signals
- Shareholder returns: Final dividend uplift plus extension of the share buyback programme to March 2027; 2.343m shares held in treasury at 31 Dec 2025.
- Buyback funding: Intention to use existing buyback funding and dividends received on treasury shares to continue repurchases, indicating confidence while preserving cash flexibility.
- Investment for growth: Continued product development and selective M&A alongside minimal leverage (gearing ~0.6%) suggest capacity to sustain dividends while investing.
Structural Changes and Notable Items
- M&A: Acquisition of the remaining 50% of Mottech Parkland (Australia) in Feb 2026; PSK stake increased to 60% in 2025.
- Future obligation: Put/call option from 2027 on the remaining 40% of PSK at 6x average EBITDA (2025–26), implying a potential future cash outflow.
- No scrip option for the 2026 final dividend; dividend declared in USD with GBP translation set post record date.
Risks and Flags Relevant to Dividend Stability
- FX risk: USD-linked revenues vs. significant NIS cost base; management hedges part of exposure.
- Geopolitical/operational risk in Israel; defence exposure benefits demand but can be cyclical and policy-sensitive.
- Customer concentration: One customer at 12.4% of revenue in 2025.
- 5G backhaul variability: Indian market pause noted in 2025, though ABS antenna demand improving.
- Capital demands: PSK put option (liability recorded at ~US$0.85m) could translate into a larger cash requirement in/after 2027; ongoing M&A could compete with cash returns if opportunities arise.
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MTI Wireless Edge Annual Dividend Yield - 0%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
Total (Annual Dividends Per Share):
0.00p
Dividend Yield =
Annual Dividends Per Share (0.00p)
÷ Share Price (69.25p)
= 0%
MTI Wireless Edge Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 26/03/2026 |
14/04/2026 |
Final |
3.40¢ |
USX |
| 27/03/2025 |
11/04/2025 |
Final |
3.30¢ |
USX |
| 21/03/2024 |
11/04/2024 |
Final |
3.10¢ |
USX |
| 23/03/2023 |
06/04/2023 |
Final |
3.00¢ |
USX |
| 17/03/2022 |
31/03/2022 |
Final |
2.80¢ |
USX |
| 18/03/2021 |
31/03/2021 |
Final |
2.50¢ |
USX |
| Year |
Final |
Currency |
Total |
Change |
| 2024 |
3.300 |
USX |
3.300 |
6.450 |
| 2023 |
3.100 |
USX |
3.100 |
3.330 |
| 2022 |
3.000 |
USX |
3.000 |
7.140 |
| 2021 |
2.800 |
USX |
2.800 |
12.000 |
| 2020 |
2.500 |
USX |
2.500 |
|
MTI Wireless Edge Dividend Calculator
MTI Wireless Edge Dividend Growth
| Dividend Growth (1Y) |
0.94%
|
| Dividend CAGR (5Y) |
3.62%
|
| Years of Growth |
1
|
| Payout Ratio |
57.9%
|
| Buyback Yield |
1.09%
|
| Shareholder Yield |
4.82%
|
| P/E Ratio (TTM) | 15.47 |
|---|
| Forward P/E | 15.59 |
|---|
| P/FCF | 12.03 |
|---|
| Earnings Yield | 6.49% |
|---|
| FCF Yield | 8.31% |
|---|
| ROE | 15.26% |
|---|
| ROCE | 17.1% |
|---|
| Profit Margin | 9.8% |
|---|
| Operating Margin | 11.26% |
|---|
| Gross Margin | 32.49% |
|---|