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

Magellan Aerospace Co. (TSE:MAL) declared 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 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th.

Magellan Aerospace Stock Down 1.2 %

Magellan Aerospace stock opened at C$10.58 on Friday. The stock 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 company has a current ratio of 2.44, a quick ratio of 1.55 and a debt-to-equity ratio of 12.92. The company’s 50-day moving average price is C$10.53 and its two-hundred day moving average price is C$9.39. Magellan Aerospace has a 52 week low of C$7.28 and a 52 week high of C$11.05.

Analysts Set New Price Targets

Separately, TD Securities lifted their price objective on shares of Magellan Aerospace from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note 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.