Magellan Aerospace Co. Announces Quarterly Dividend of $0.05 (TSE:MAL)

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Wednesday, December 17th, TickerTech Dividends reports. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.05 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 17th.

Magellan Aerospace Trading Up 1.1%

Shares of TSE MAL traded up C$0.20 during mid-day trading on Monday, hitting C$18.10. The stock had a trading volume of 29,827 shares, compared to its average volume of 25,589. The business has a 50 day moving average price of C$16.97 and a two-hundred day moving average price of C$17.13. Magellan Aerospace has a 1 year low of C$9.06 and a 1 year high of C$19.68. 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 firm has a market cap of C$1.03 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of -21.36 and a beta of -0.33.

Magellan Aerospace (TSE:MAL) last issued its earnings results on Thursday, November 13th. The company reported C$0.22 EPS for the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%.The business had revenue of C$255.67 million for the quarter. On average, equities analysts anticipate that Magellan Aerospace will post 0.9692308 EPS for the current fiscal year.

Magellan Aerospace Company Profile

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services.