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flag Magellan Aerospace declares a $0.03/share quarterly dividend with a 1.07% annualized yield.

flag Magellan Aerospace Co. (TSE:MAL) declared a quarterly dividend of $0.03 per share, with an annualized yield of 1.07%. flag The ex-dividend date is September 16, and payments will be made on September 30 to stockholders of record. flag The company, which specializes in aeroengine and aerostructure components, has a market cap of C$535.97 million and a P/E ratio of 31.27. flag TD Securities recently upgraded its price target for the stock to C$17.00.

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