Magellan Aerospace Co. (TSE:MAL) to Issue $0.03 Quarterly Dividend

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Wednesday, March 19th, TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, March 19th.

Magellan Aerospace Stock Performance

Shares of MAL stock opened at C$10.70 on Monday. The company has a market capitalization of C$591.97 million, a P/E ratio of 30.61, a PEG ratio of -21.36 and a beta of 1.11. Magellan Aerospace has a fifty-two week low of C$7.77 and a fifty-two week high of C$11.05. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. The stock has a 50 day moving average price of C$9.95 and a two-hundred day moving average price of C$10.02.

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.