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

Magellan Aerospace Corp (TSE:MAL) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Investors 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 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, September 13th.

TSE MAL traded down C$0.05 during mid-day trading on Wednesday, reaching C$15.35. 1,501 shares of the stock were exchanged, compared to its average volume of 13,233. The stock has a market capitalization of $891.76 million and a PE ratio of 9.90. The company has a debt-to-equity ratio of 11.70, a quick ratio of 1.68 and a current ratio of 2.72. Magellan Aerospace has a 1-year low of C$13.20 and a 1-year high of C$19.25. The business’s fifty day simple moving average is C$16.03 and its 200 day simple moving average is C$17.04.

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 during the quarter. On average, analysts anticipate that Magellan Aerospace will post 1.5299999 EPS for the current year.

Magellan Aerospace Company Profile

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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