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Magellan Aerospace Announces Quarterly Dividend

Published November 08, 2019 05:00 PM EST on BusinessWire

Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares, a 5 percent increase in the rate of the Corporation’s quarterly dividend from the dividend paid in the third quarter of 2019. This increase in the dividend rate is the sixth consecutive year of dividend increase since 2013, when the Corporation paid its first dividend. The dividend is payable on December 31, 2019, to stockholders of record at the close of business on December 17, 2019.... Read more