Magellan Aerospace Co. (MAL) to Issue Quarterly Dividend of $0.03 on December 31st

Magellan Aerospace Co. (TSE:MAL) announced a quarterly dividend on Tuesday, December 17th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.025 per share on Tuesday, December 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 17th.

Magellan Aerospace Stock Performance

Shares of MAL stock opened at C$10.58 on Friday. Magellan Aerospace has a 1 year low of C$7.28 and a 1 year high of C$11.05. The company has a debt-to-equity ratio of 12.92, a quick ratio of 1.55 and a current ratio of 2.44. The firm has a market cap of C$604.54 million, a price-to-earnings ratio of 35.27, a PEG ratio of -21.36 and a beta of 1.11. The stock’s 50-day moving average is C$10.53 and its two-hundred day moving average is C$9.39.

Analyst Upgrades and Downgrades

Separately, TD Securities increased their price objective on Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

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.