MiX Telematics Limited ($MIXT) To Go Ex-Dividend On November 19, 2020

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MiX Telematics Limited (NYSE:MIXT) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on December 8, 2020. The dividend yield based on the latest trading day closing price was 2.51 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 19, 2020.

Dividends History
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MiX Telematics Limited recently reported second quarter financial results on October 29, 2020, before market open, the Midrand based company unwinded income for the second quarter of $ 0.14 per share, from the revenue of $ 30.95 million. The quarterly earnings decreased 26.32 percent while revenues contracted 12.82 percent compared with the same quarter last year. Street analysts expected $ 26.09 million. The top line results outshined analysts by $ 4.86 million or 18.63 percent.

Stock Performance

On Friday, shares of MiX Telematics Limited has traded high as $ 9.58 and has cracked $ 9.27 on the downward trend, reaching $ 9.58 with volume of 13.80 thousand shares.

According to the previous trading day, closing price of $ 9.58, representing a 40.51 % increase from the 52 week low of $ 6.64 and a 37.47 % decrease over the 52 week high of $ 14.92.

The company has a market capital of $ 206.75 million and is part of the Technology sector and Software – Infrastructure industry.

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. It also provides consumer solutions, including Matrix that provides vehicle tracking, telematics, and personal safety services; and Beame, a wireless device, which offers mobile asset tracking and recovery services.