Magellan Aerospace Corp (TSE:MAL) Declares $0.10 Quarterly Dividend

Magellan Aerospace Corp (TSE:MAL) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.10 per share on Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, September 13th.

Shares of Magellan Aerospace stock traded down C$0.05 during trading on Wednesday, reaching C$15.35. The company’s stock had a trading volume of 1,501 shares, compared to its average volume of 13,233. The company has a 50-day moving average price of C$16.03 and a two-hundred day moving average price of C$17.04. Magellan Aerospace has a fifty-two week low of C$13.20 and a fifty-two week high of C$19.25. The firm has a market cap of $891.76 million and a PE ratio of 9.90. The company has a current ratio of 2.72, a quick ratio of 1.68 and a debt-to-equity ratio of 11.70.

Magellan Aerospace (TSE:MAL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.37 earnings per share for the quarter. The business had revenue of C$264.08 million for the quarter. On average, analysts predict that Magellan Aerospace will post 1.5299999 earnings per share for the current fiscal year.

About Magellan Aerospace

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine, and aero structure assemblies and components for aerospace markets in Canada, the United States, Europe, and Asia. The company offers aero engines products, including engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services.

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Dividend History for Magellan Aerospace (TSE:MAL)

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