Magellan Aerospace Co. (MAL) to Distribute Quarterly Dividend of $0.05 on September 29th

Magellan Aerospace Co. (TSE:MAL) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.05 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Magellan Aerospace Stock Performance

Shares of MAL stock traded up C$0.58 during trading hours on Friday, hitting C$32.62. The stock had a trading volume of 30,116 shares, compared to its average volume of 55,858. The company has a debt-to-equity ratio of 11.18, a current ratio of 2.52 and a quick ratio of 1.55. The firm has a market capitalization of C$1.86 billion, a PE ratio of 31.07, a PEG ratio of -21.36 and a beta of 0.89. The stock’s 50 day moving average is C$35.01 and its 200 day moving average is C$29.70. Magellan Aerospace has a twelve month low of C$15.79 and a twelve month high of C$45.70.

Magellan Aerospace (TSE:MAL) last announced its earnings results on Wednesday, August 12th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$305.58 million for the quarter. Magellan Aerospace had a net margin of 5.30% and a return on equity of 7.11%. As a group, research analysts forecast that Magellan Aerospace will post 0.9692308 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MAL. TD lifted their price objective on shares of Magellan Aerospace from C$37.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets increased their target price on shares of Magellan Aerospace from C$31.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$38.67.

About Magellan Aerospace

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India.