Magellan Aerospace Co. (MAL) to Issue Quarterly Dividend of $0.03 on December 31st

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Tuesday, December 17th,Zacks Dividends reports. Stockholders 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 dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th.

Magellan Aerospace Stock Performance

TSE MAL opened at C$10.58 on Friday. The stock has a market cap of C$604.54 million, a PE ratio of 35.27, a P/E/G ratio of -21.36 and a beta of 1.11. The company has a debt-to-equity ratio of 12.92, a quick ratio of 1.55 and a current ratio of 2.44. The firm has a 50-day moving average of C$10.53 and a 200-day moving average of C$9.39. Magellan Aerospace has a 52-week low of C$7.28 and a 52-week high of C$11.05.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their price objective on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note 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.