MiX Telematics Ltd – (MIXT) to Issue Dividend of $0.05 on September 10th

MiX Telematics Ltd – (NYSE:MIXT) announced a dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.051 per share by the technology company on Tuesday, September 10th. The ex-dividend date is Thursday, August 22nd. This is an increase from MiX Telematics’s previous dividend of $0.01.

MiX Telematics has raised its dividend payment by an average of 2.7% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. MiX Telematics has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MiX Telematics to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 21.1%.

Shares of NYSE MIXT traded down $0.14 during mid-day trading on Tuesday, hitting $14.25. 452 shares of the company traded hands, compared to its average volume of 123,176. MiX Telematics has a 1 year low of $13.01 and a 1 year high of $20.07. The stock has a market capitalization of $321.95 million, a price-to-earnings ratio of 19.00, a PEG ratio of 0.67 and a beta of 0.74. The business has a 50 day moving average of $15.02 and a two-hundred day moving average of $16.65.

MiX Telematics (NYSE:MIXT) last announced its earnings results on Thursday, August 1st. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. MiX Telematics had a return on equity of 15.23% and a net margin of 12.47%. The business had revenue of $521.70 million during the quarter, compared to the consensus estimate of $513.93 million. During the same period in the prior year, the business posted $0.08 earnings per share. MiX Telematics’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that MiX Telematics will post 0.85 EPS for the current fiscal year.

MIXT has been the subject of several research analyst reports. ValuEngine downgraded MiX Telematics from a “hold” rating to a “sell” rating in a research note on Tuesday, June 4th. Zacks Investment Research raised MiX Telematics from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, August 6th.

MiX Telematics Company Profile

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.

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Dividend History for MiX Telematics (NYSE:MIXT)

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