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

MDA Ltd. (TSE:MDA) announced a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders 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 dividend on an annualized basis 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 MDA stock traded up C$0.04 during trading on Friday, hitting C$14.73. The company’s stock had a trading volume of 78,195 shares, compared to its average volume of 227,460. 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 has a 52 week low of C$6.21 and a 52 week high of C$15.39. The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of 36.83 and a beta of 0.12. The stock has a 50-day moving average price of C$14.47 and a two-hundred day moving average price of C$12.64.

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

Insider Buying and Selling at MDA

In other MDA news, Director John Carter Risley sold 100,000 shares of the stock in a transaction dated 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. Company insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

MDA has been the topic of a number of research analyst reports. Royal Bank of Canada upped 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. BMO Capital Markets raised 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. Finally, Scotiabank raised their price target 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$14.88.

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.