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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.
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