Magellan Aerospace Co. (TSE:MAL) Declares Quarterly Dividend of $0.03

Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.025 per share on Monday, September 30th. This represents a $0.10 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, September 16th.

Magellan Aerospace Stock Performance

Magellan Aerospace stock opened at C$9.38 on Friday. Magellan Aerospace has a fifty-two week low of C$7.02 and a fifty-two week high of C$9.55. 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 stock has a fifty day moving average of C$8.90 and a two-hundred day moving average of C$8.37. The company has a market capitalization of C$535.97 million, a price-to-earnings ratio of 31.27, a PEG ratio of -21.36 and a beta of 1.12.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.13 earnings per share for the quarter. Magellan Aerospace had a return on equity of 2.30% and a net margin of 1.88%. The business had revenue of C$242.91 million for the quarter. On average, analysts anticipate that Magellan Aerospace will post 0.9699893 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price objective on shares of Magellan Aerospace from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

About Magellan Aerospace

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.