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

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

MDA Price Performance

Shares of TSE:MDA opened at C$14.73 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 49.31. The company has a market cap of C$1.76 billion, a P/E 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. The company has a 50-day moving average price of C$14.47 and a 200 day moving average price of C$12.64.

MDA (TSE:MDA) last announced its quarterly earnings data 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 firm had revenue of C$205.00 million during the quarter, compared to the consensus estimate of C$208.30 million. MDA had a net margin of 6.04% and a return on equity of 4.73%. Research analysts predict that MDA will post 0.6595552 earnings per share for the current year.

Analysts Set New Price Targets

MDA has been the subject of a number of recent analyst reports. Scotiabank raised their price objective 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 lifted 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 lifted 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$14.88.

Insider Buying and Selling

In related news, Director John Carter Risley sold 100,000 shares of MDA stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$15.01, for a total transaction of C$1,500,660.00. 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.