Loral Space and Communications, Inc. (NASDAQ:LORL) will begin trading ex-dividend on December 3, 2020. The special dividend payment of $ 1.50 per share is scheduled to be paid on December 17, 2020. The dividend yield based on the latest trading day closing price was 63.85 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 3, 2020.
Dividends History
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Loral Space and Communications, Inc. recently reported fourth quarter financial results on February 27, 2020, before market open, the New York based company recorded income for the fourth quarter of $ 0.06 per share, from the revenue of $ 167.32 million.
Stock Performance
Shares of Loral Space and Communications, Inc. traded low $ -0.24 or -1.04 percent on Tuesday, reaching $ 22.74 with volume of 304.90 thousand shares. Loral Space and Communications, Inc. has traded high as $ 23.99 and has cracked $ 22.48 on the downward trend
According to the previous trading day, closing price of $ 22.74, representing a 67.98 % increase from the 52 week low of $ 13.68 and a 36.9 % decrease over the 52 week high of $ 36.42.
The company has a market capital of $ 703.41 million and is part of the Technology sector and Communication Equipment industry.
Loral Space & Communications Inc., a satellite communications company, offers satellite-based communications services to the broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2018, the company provided satellite services to its customers through a fleet of 17 in-orbit geostationary satellites; and owned the Canadian Ka-band payload on the ViaSat-1 satellite. It also offers video distribution and direct-to-home (DTH) video, as well as end-to-end communications services using satellite and hybrid satellite-ground networks; and broadcast services, including DTH, video distribution and contribution, and satellite transmission services for the broadcast of video news, sports, and live event coverage.
