MDA Ltd. (TSE:MDA) to Issue $0.01 Quarterly Dividend

MDA Ltd. (TSE:MDA) declared a quarterly dividend on Friday, April 12th, Zacks reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.01 per share on Wednesday, May 22nd. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, April 30th.

MDA Stock Performance

TSE:MDA opened at C$14.73 on Monday. The firm’s 50-day moving average is C$14.47 and its 200-day moving average is C$12.64. MDA has a 52-week low of C$6.21 and a 52-week high of C$15.39. The company has a debt-to-equity ratio of 49.31, a quick ratio of 1.00 and a current ratio of 1.22. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of 36.83 and a beta of 0.12.

MDA (TSE:MDA) last issued its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.18. MDA had a net margin of 6.04% and a return on equity of 4.73%. The business had revenue of C$205.00 million for the quarter, compared to analyst estimates of C$208.30 million. Equities research analysts anticipate that MDA will post 0.6595552 earnings per share for the current year.

Analyst Ratings Changes

MDA has been the topic of several recent research reports. Scotiabank lifted their target price on shares of MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets boosted their price target on shares of MDA from C$13.00 to C$15.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$14.88.

Insider Buying and Selling

In other MDA news, Director John Carter Risley sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$15.01, for a total value of C$1,500,660.00. 13.18% of the stock is currently owned by insiders.

MDA Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.