Magellan Aerospace Corp to Issue Quarterly Dividend of $0.09 (MAL)

Magellan Aerospace Corp (TSE:MAL) declared a quarterly dividend on Friday, March 2nd, Zacks reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.085 per share on Friday, March 30th. This represents a $0.34 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 15th.

Magellan Aerospace (MAL) opened at C$20.44 on Wednesday. Magellan Aerospace has a 52 week low of C$17.43 and a 52 week high of C$21.90. The company has a market capitalization of $1,190.00, a PE ratio of 10.70 and a beta of 0.55.

Separately, TD Securities boosted their target price on Magellan Aerospace from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, March 8th.

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Magellan Aerospace Company Profile

Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products.

Dividend History for Magellan Aerospace (TSE:MAL)

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