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

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 Trading Up 0.3 %

Shares of TSE:MDA opened at C$14.73 on Friday. The business’s 50-day moving average is C$14.47 and its 200 day moving average is C$12.64. MDA has a 1 year low of C$6.21 and a 1 year high of C$15.39. The firm has a market capitalization of C$1.76 billion, a P/E ratio of 36.83 and a beta of 0.12. The company has a debt-to-equity ratio of 49.31, a current ratio of 1.22 and a quick ratio of 1.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MDA. Royal Bank of Canada increased their price objective on MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. BMO Capital Markets increased their price objective on MDA from C$13.00 to C$15.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Finally, Scotiabank increased their price objective on MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$14.88.

Insider Transactions at MDA

In other news, Director John Carter Risley sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total value of C$1,500,660.00. Company insiders own 13.18% of the company’s stock.

About MDA

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.