Magellan Aerospace Corp (TSE:MAL) Plans $0.10 Quarterly Dividend
Magellan Aerospace Corp (TSE:MAL) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders 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.
Shares of Magellan Aerospace stock traded down C$0.05 during trading on Wednesday, reaching C$15.35. 1,501 shares of the company traded hands, compared to its average volume of 13,232. The firm has a market capitalization of $891.76 million and a PE ratio of 9.90. Magellan Aerospace has a 1-year low of C$13.20 and a 1-year high of C$19.25. The company has a 50 day moving average price of C$16.03 and a 200-day moving average price of C$17.04. The company has a debt-to-equity ratio of 11.70, a current ratio of 2.72 and a quick ratio of 1.68.
Magellan Aerospace (TSE:MAL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.37 EPS for the quarter. The company had revenue of C$264.08 million during the quarter. Equities research analysts expect that Magellan Aerospace will post 1.5299999 earnings per share for the current year.
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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