Midway Limited (ASX:MWY) Raises Dividend to $0.38 Per Share

Midway Limited (ASX:MWY) announced a interim dividend on Monday, January 27th,MarketIndexAU Dividends reports. Stockholders of record on Monday, February 17th will be given a dividend of 0.384 per share on Monday, February 17th. This represents a dividend yield of 30.93%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Midway’s previous interim dividend of $0.05.

Midway Stock Performance

The company has a debt-to-equity ratio of 16.30, a current ratio of 3.64 and a quick ratio of 0.22.

About Midway

Midway Limited engages in the production, processing, and export of woodfibre in Australia, China, Japan, and Southeast Asia. It operates through Woodfibre, Forestry Logistics, and Plantation Management segments. The company provides support services to third parties engaged in growing woodfibre, including harvest and haul; supplies biomass woodchips and sawdust; and planation management services, comprising silviculture services.