Magellan Aerospace Corp (TSE:MAL) declared a quarterly dividend on Thursday, December 13th, TickerTech reports. Investors of record on Monday, December 31st will be given a dividend of 0.10 per share on Monday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Magellan Aerospace’s previous quarterly dividend of $0.09.
Shares of TSE:MAL traded down C$0.61 during trading on Friday, hitting C$15.46. The company’s stock had a trading volume of 21,800 shares, compared to its average volume of 18,549. The company has a current ratio of 2.65, a quick ratio of 1.49 and a debt-to-equity ratio of 9.33. Magellan Aerospace has a fifty-two week low of C$15.02 and a fifty-two week high of C$21.90.
Magellan Aerospace (TSE:MAL) last released its quarterly earnings results on Tuesday, November 6th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$226.52 million during the quarter. Sell-side analysts forecast that Magellan Aerospace will post 1.54000000597671 earnings per share for the current year.
Several research firms recently commented on MAL. TD Securities cut their price target on Magellan Aerospace from C$24.00 to C$22.00 in a research note on Thursday, November 8th. Canaccord Genuity boosted their price target on Magellan Aerospace from C$20.00 to C$21.00 in a research note on Wednesday, November 7th.
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About Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine and aero structure components for aerospace markets in Canada, the United Sates, and Europe. The company offers aero engines products, including 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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