Magellan Aerospace Co. Announces Quarterly Dividend of $0.05 (TSE:MAL)

Key Points

• Magellan Aerospace Co. has declared a quarterly dividend of C$0.05 per share, with stockholders of record set to receive payment on September 29th.
• TD Securities has upgraded Magellan Aerospace's target price from C$19.00 to C$20.00 and maintains a "buy" rating, reflecting positive analyst sentiment.
• The company has a market capitalization of approximately C$968.51 million and shows stable performance with a P/E ratio of 25.68.

Magellan Aerospace Co. (TSE:MAL - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, TickerTech Dividends reports. Shareholders of record on Monday, September 29th will be paid a dividend of 0.05 per share on Monday, September 29th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 16th.

Magellan Aerospace Stock Performance

Shares of TSE MAL traded up C$0.06 during midday trading on Friday, hitting C$16.75. 14,853 shares of the stock traded hands, compared to its average volume of 26,060. The firm has a 50-day moving average of C$16.67 and a two-hundred day moving average of C$15.46. The firm has a market capitalization of C$957.08 million, a P/E ratio of 25.38, a PEG ratio of -21.36 and a beta of -0.14. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. Magellan Aerospace has a one year low of C$9.06 and a one year high of C$19.68.

Magellan Aerospace Company Profile

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services.