Maxar Technologies Ltd (MAXR) Plans Quarterly Dividend of $0.28
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.
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.
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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