Maxar Technologies Inc (NYSE:MAXR) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders 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 dividend 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 payout ratio of -1.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 NYSE MAXR traded down $0.31 during mid-day trading on Friday, reaching $17.59. 14,698 shares of the company’s stock were exchanged, compared to its average volume of 1,103,969. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.27 and a beta of 1.44. Maxar Technologies has a 52-week low of $6.06 and a 52-week high of $21.45. The company’s 50-day moving average is $16.52 and its 200-day moving average is $14.56. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.23 and a current ratio of 1.26.
MAXR has been the topic of a number of research reports. Canaccord Genuity restated a “hold” rating and set a $13.00 price target on shares of Maxar Technologies in a research note on Tuesday, May 12th. Credit Suisse Group upped their target price on shares of Maxar Technologies from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. BMO Capital Markets upped their price objective on Maxar Technologies from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. ValuEngine lowered Maxar Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. boosted their target price on Maxar Technologies from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Maxar Technologies currently has a consensus 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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