Magellan Aerospace Corp (TSE:MAL) announced a quarterly dividend on Friday, March 2nd, Zacks reports. Investors of record on Friday, March 16th will be given a dividend of 0.085 per share on Friday, March 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, March 15th.
Magellan Aerospace (TSE MAL) traded down C$0.12 during trading hours on Friday, hitting C$20.31. The company had a trading volume of 8,000 shares, compared to its average volume of 11,193. The stock has a market capitalization of $1,180.00, a P/E ratio of 11.47 and a beta of 0.55. Magellan Aerospace has a 12 month low of C$17.43 and a 12 month high of C$21.90.
Separately, TD Securities boosted their target price on Magellan Aerospace from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday.
Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products.
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