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

Key Points

• $0.05 quarterly dividend announced for Magellan Aerospace, payable March 31 to shareholders of record March 31, with an ex-dividend date of March 17 and an indicated yield of about 0.9%.
• Shares opened at C$23.04 with a market capitalization of C$1.32 billion, a P/E of 29.16, and a 1‑year trading range of C$10.00–C$26.00 (50‑day/200‑day moving averages: C$21.90/C$18.76).
• Magellan Aerospace manufactures aerostructures and aeroengines, serves commercial (~75%) and defense markets, and provides aftermarket repair and maintenance services.

Magellan Aerospace Co. (TSE:MAL - Get Free Report) announced a quarterly dividend on Tuesday, March 17th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.05 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, March 17th.

Magellan Aerospace Stock Performance

TSE:MAL opened at C$23.04 on Friday. The stock has a market capitalization of C$1.32 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of -21.36 and a beta of 0.64. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 11.35. Magellan Aerospace has a 1 year low of C$10.00 and a 1 year high of C$26.00. The firm has a 50 day moving average of C$21.90 and a 200-day moving average of C$18.76.

About Magellan Aerospace

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. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount.

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