Maxar Technologies Ltd (NYSE:MAXR) declared a quarterly dividend on Thursday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.283 per share on Monday, December 31st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date is Thursday, December 13th.

Maxar Technologies has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Maxar Technologies to earn $4.42 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 33.5%.

MAXR stock opened at $14.13 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.94 and a quick ratio of 0.87. Maxar Technologies has a 12 month low of $13.19 and a 12 month high of $67.30. The company has a market capitalization of $869.71 million, a PE ratio of 3.92 and a beta of 3.20.

Maxar Technologies (NYSE:MAXR) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.30). Maxar Technologies had a negative net margin of 17.81% and a positive return on equity of 10.93%. The firm had revenue of $508.20 million during the quarter, compared to the consensus estimate of $726.45 million. During the same quarter last year, the business posted $1.00 earnings per share. Maxar Technologies’s revenue was up 50.6% compared to the same quarter last year. Equities research analysts predict that Maxar Technologies will post 3.85 EPS for the current year.

Several equities research analysts have issued reports on MAXR shares. BMO Capital Markets set a $35.00 target price on shares of Maxar Technologies and gave the company a “buy” rating in a research report on Thursday, November 1st. TD Securities dropped their target price on shares of Maxar Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th. Canaccord Genuity reiterated a “buy” rating on shares of Maxar Technologies in a research report on Wednesday, September 5th. CIBC lowered shares of Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 1st. Finally, Royal Bank of Canada dropped their target price on shares of Maxar Technologies to $40.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.90.

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About Maxar Technologies

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

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Dividend History for Maxar Technologies (NYSE:MAXR)

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