MDA Ltd. (MDA) to Issue Quarterly Dividend of $0.01 on May 22nd

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 is Tuesday, April 30th.

MDA Price Performance

Shares of MDA stock traded up C$0.04 on Friday, hitting C$14.73. The company had a trading volume of 78,195 shares, compared to its average volume of 227,460. The business has a 50-day simple moving average of C$14.47 and a 200-day simple moving average of C$12.64. The company has a debt-to-equity ratio of 49.31, a current ratio of 1.22 and a quick ratio of 1.00. The company has a market cap of C$1.76 billion, a PE ratio of 36.83 and a beta of 0.12. MDA has a 52 week low of C$6.21 and a 52 week high of C$15.39.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on MDA from C$13.00 to C$15.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Scotiabank lifted their price target on MDA from C$17.00 to C$18.50 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price target on MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Two investment 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 presently has an average rating of “Moderate Buy” and an average price target of C$14.88.

Insiders Place Their Bets

In other MDA news, Director John Carter Risley sold 100,000 shares of the business’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. Insiders own 13.18% of the company’s stock.

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.