Magellan Aerospace Co. (TSE:MAL) to Issue $0.05 Quarterly Dividend

Magellan Aerospace Co. (TSE:MAL) announced a quarterly dividend on Tuesday, March 17th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.05 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 17th.

Magellan Aerospace Trading Down 4.0%

Shares of TSE:MAL opened at C$23.04 on Friday. The company has a market cap of C$1.32 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of -21.36 and a beta of 0.64. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 11.35. The stock has a 50 day moving average of C$21.90 and a 200 day moving average of C$18.76. Magellan Aerospace has a 12-month low of C$10.00 and a 12-month high of C$26.00.

About Magellan Aerospace

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. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount.