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

by · The Markets Daily

Magellan Aerospace Co. (TSE:MAL – Get Free Report) announced 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) annualized dividend 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 trading on Monday, hitting C$18.10. The company had a trading volume of 29,827 shares, compared to its average volume of 25,589. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of -21.36 and a beta of -0.33. The company has a debt-to-equity ratio of 11.81, a current ratio of 2.58 and a quick ratio of 1.55. The company has a fifty day simple moving average of C$16.97 and a two-hundred day simple moving average of C$17.13. Magellan Aerospace has a one year low of C$9.06 and a one year high of C$19.68.

Magellan Aerospace (TSE:MAL – Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.22 earnings per share for the quarter. The company had revenue of C$255.67 million for the quarter. Magellan Aerospace had a return on equity of 2.58% and a net margin of 2.09%. As a group, equities analysts forecast that Magellan Aerospace will post 0.9692308 earnings per share for the current year.

Magellan Aerospace Company Profile

(Get Free Report)

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.

Featured Articles