Magellan Aerospace raises dividend as balance sheet strengthens

Published 06/05/2025, 22:40
Magellan Aerospace raises dividend as balance sheet strengthens

TORONTO - Magellan Aerospace Corporation (TSX: MAL), a global provider of aerospace systems and components, has declared an increased quarterly cash dividend for its common shares. The announcement, made today, indicates a rise to $0.05 per share, up from the previous quarter’s $0.025. This decision reflects the company’s enhanced financial health and balance sheet, supported by a strong current ratio of 2.71 and moderate debt levels. The dividend, representing a 0.71% yield, is slated for payment on June 30, 2025, to shareholders who are on record by the close of business on June 16, 2025.

Magellan Aerospace is known for its comprehensive capabilities in the aerospace sector, delivering complex assemblies and solutions to a wide range of clients, including aircraft and engine manufacturers, as well as defense and space agencies. The company’s expertise spans the design, engineering, and manufacturing of aeroengine and aerostructure assemblies and components. With annual revenue of $655.47M and a market capitalization of $581.32M, it also caters to military and space markets with advanced products, in addition to serving industrial power generation and producing specialty products. According to InvestingPro, the company has maintained dividend payments for 13 consecutive years and is currently trading near its 52-week high.

The increase in Magellan’s dividend is a testament to its fiscal performance and the company’s confidence in its financial trajectory, evidenced by its impressive 79.93% return over the past year. For investors seeking deeper insights, InvestingPro offers 10 additional exclusive tips about Magellan’s financial health and growth prospects. For investors, this move signals Magellan Aerospace’s commitment to providing value and its expectation of sustained financial stability.

Magellan’s shares are publicly traded on the Toronto Stock Exchange, with its operational footprint extending across North America, Europe, and India. The information in this article is based on a press release statement from Magellan Aerospace Corporation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.