Magellan Aerospace Co. (MAL) to Issue Quarterly Dividend of $0.05 on March 31st

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

Magellan Aerospace Trading Down 4.0%

Shares of MAL stock traded down C$0.96 during trading hours on Friday, hitting C$23.04. 23,867 shares of the company were exchanged, compared to its average volume of 35,953. The firm has a market cap of C$1.32 billion, a PE ratio of 29.16, a PEG ratio of -21.36 and a beta of 0.64. Magellan Aerospace has a 1 year low of C$10.00 and a 1 year high of C$26.00. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 11.35. The firm has a fifty day moving average of C$21.90 and a 200 day moving average of C$18.76.

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.