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

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Wednesday, March 19th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.025 per share on Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, March 19th.

Magellan Aerospace Stock Performance

Shares of TSE MAL opened at C$10.70 on Monday. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The company has a market cap of C$591.97 million, a PE ratio of 30.61, a price-to-earnings-growth ratio of -21.36 and a beta of 1.11. The company has a 50-day simple moving average of C$9.95 and a 200-day simple moving average of C$10.02. Magellan Aerospace has a 12 month low of C$7.77 and a 12 month high of C$11.05.

About Magellan Aerospace

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.