Magellan Aerospace Co. Announces Quarterly Dividend of $0.03 (TSE:MAL)

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Tuesday, December 17th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.025 per share on Tuesday, December 31st. This represents a $0.10 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, December 17th.

Magellan Aerospace Price Performance

Magellan Aerospace stock opened at C$10.58 on Friday. The firm’s 50-day moving average is C$10.53 and its two-hundred day moving average is C$9.39. The company has a debt-to-equity ratio of 12.92, a current ratio of 2.44 and a quick ratio of 1.55. The stock has a market capitalization of C$604.54 million, a P/E ratio of 35.27, a P/E/G ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a 12-month low of C$7.28 and a 12-month high of C$11.05.

Wall Street Analyst Weigh In

Separately, TD Securities raised their target price on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Magellan Aerospace Company Profile

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.