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TORONTO - Magellan Aerospace Corporation (TSX:MAL), with a market capitalization of $708 million, announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on the company’s common shares, representing a 1.17% dividend yield.
The dividend will be payable on September 29, 2025, to stockholders of record at the close of business on September 16, 2025.
In its statement, the company noted that its Board continues to review dividends on a quarterly basis to monitor recovery and maintain a balance between returning capital to shareholders while preserving adequate financial flexibility for investment in growth initiatives.
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, as well as defense and space agencies worldwide. The company designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, along with advanced products for military and space markets, industrial power generation, and specialty products.
The company’s shares trade on the Toronto Stock Exchange under the ticker symbol MAL, with operating units throughout North America, Europe, and India, according to the press release statement.
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