Maxar Technologies Inc (NYSE:MAXR) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Monday, September 14th.
Maxar Technologies has decreased its dividend by an average of 96.5% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Maxar Technologies has a dividend payout ratio of -1.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Maxar Technologies to earn ($0.66) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -6.1%.
Shares of MAXR stock traded down $0.27 during trading hours on Friday, hitting $17.63. The company had a trading volume of 16,426 shares, compared to its average volume of 1,103,969. Maxar Technologies has a 12 month low of $6.06 and a 12 month high of $21.45. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.23 and a current ratio of 1.26. The firm’s fifty day moving average is $16.52 and its 200 day moving average is $14.56. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.27 and a beta of 1.44.
Several brokerages have recently commented on MAXR. Royal Bank of Canada restated a “buy” rating and issued a $21.00 target price on shares of Maxar Technologies in a research note on Thursday. TD Securities boosted their price target on shares of Maxar Technologies from $20.00 to $25.00 and gave the company a “speculative buy” rating in a research report on Thursday, June 25th. BMO Capital Markets upped their price objective on shares of Maxar Technologies from $11.00 to $12.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. National Bank Financial lifted their target price on shares of Maxar Technologies from $12.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $13.00 target price on shares of Maxar Technologies in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.60.
About Maxar Technologies
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for 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, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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