Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend on Friday, August 6th, Zacks reports. Stockholders of record on Thursday, September 16th will be given a dividend of 0.105 per share on Wednesday, September 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, September 15th.
TSE:MAL opened at C$10.54 on Tuesday. The company has a 50-day moving average of C$10.32 and a 200-day moving average of C$10.48. The company has a market capitalization of C$608.46 million and a price-to-earnings ratio of -32.83. Magellan Aerospace has a 52 week low of C$6.28 and a 52 week high of C$11.73. The company has a debt-to-equity ratio of 9.55, a quick ratio of 2.00 and a current ratio of 3.65.
Separately, TD Securities lifted their price target on shares of Magellan Aerospace from C$11.50 to C$12.50 and gave the company a “hold” rating in a report on Tuesday, August 3rd.
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine, and aero structure assemblies and components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services.
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