Macdonald Dettwiler & Associates Ltd (MDA) Increases Dividend to $0.37 Per Share

Macdonald Dettwiler & Associates Ltd (TSE:MDA) declared a quarterly dividend on Monday, July 31st, Zacks reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.37 per share on Friday, September 29th. This represents a $1.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, September 14th. This is an increase from Macdonald Dettwiler & Associates’s previous quarterly dividend of $0.31.

Macdonald Dettwiler & Associates (TSE:MDA) opened at 67.32 on Friday. The firm has a 50-day moving average of $67.59 and a 200-day moving average of $67.30. Macdonald Dettwiler & Associates has a 12-month low of $61.80 and a 12-month high of $90.23. The firm has a market cap of $2.45 billion and a P/E ratio of 24.04.

A number of analysts have recently issued reports on MDA shares. TD Securities lowered their price objective on Macdonald Dettwiler & Associates from C$86.00 to C$83.00 and set a “buy” rating on the stock in a research report on Thursday, April 27th. Royal Bank Of Canada lowered their price objective on Macdonald Dettwiler & Associates from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Scotiabank lowered their price objective on Macdonald Dettwiler & Associates from C$73.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity upgraded Macdonald Dettwiler & Associates from a “hold” rating to a “buy” rating and upped their price target for the company from C$70.00 to C$80.00 in a research report on Monday, July 31st. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$85.00.

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In related news, Director Robert L. Phillips purchased 575 shares of the stock in a transaction on Friday, June 9th. The shares were purchased at an average cost of C$62.98 per share, for a total transaction of C$36,213.50.

About Macdonald Dettwiler & Associates

MacDonald, Dettwiler and Associates Ltd. (MDA) is a Canada-based communications and information company. The Company provides operational solutions to commercial and government organizations across the world. MDA operates through two segments: Communications segment, and Surveillance and Intelligence segment.

Dividend History for Macdonald Dettwiler & Associates (TSE:MDA)

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