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Magellan Aerospace (TSX:MAL) Dividend Yield % : 1.27% (As of Apr. 27, 2024)


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What is Magellan Aerospace Dividend Yield %?

As of today (2024-04-27), the Trailing Annual Dividend Yield of Magellan Aerospace is 1.27%.

Warning Sign:

Magellan Aerospace Corp stock dividend yield is close to 5-year low.

The historical rank and industry rank for Magellan Aerospace's Dividend Yield % or its related term are showing as below:

TSX:MAL' s Dividend Yield % Range Over the Past 10 Years
Min: 0.35   Med: 1.63   Max: 7.78
Current: 1.27

During the past 13 years, the highest Dividend Yield of Magellan Aerospace was 7.78%. The lowest was 0.35%. And the median was 1.63%.

TSX:MAL's Dividend Yield % is ranked better than
55.8% of 138 companies
in the Aerospace & Defense industry
Industry Median: 0.995 vs TSX:MAL: 1.27

Magellan Aerospace's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.51.

During the past 13 years, the highest Dividend Payout Ratio of Magellan Aerospace was 52.50. The lowest was 0.15. And the median was 0.23.

As of today (2024-04-27), the Forward Dividend Yield % of Magellan Aerospace is 1.27%.

Magellan Aerospace's Dividends per Share for the three months ended in Dec. 2023 was C$0.03.

During the past 12 months, Magellan Aerospace's average Dividends Per Share Growth Rate was -61.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -38.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -19.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Magellan Aerospace was 58.30% per year. The lowest was -38.00% per year. And the median was 15.65% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Magellan Aerospace Dividend Yield % Historical Data

The historical data trend for Magellan Aerospace's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Magellan Aerospace Dividend Yield % Chart

Magellan Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 4.79 4.22 2.78 1.27

Magellan Aerospace Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.78 2.40 1.50 1.32 1.27

Competitive Comparison of Magellan Aerospace's Dividend Yield %

For the Aerospace & Defense subindustry, Magellan Aerospace's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Magellan Aerospace's Dividend Yield % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Magellan Aerospace's Dividend Yield % falls into.



Magellan Aerospace Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Magellan Aerospace Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.0252024-03-142024-03-152024-03-28Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.0252023-12-142023-12-152023-12-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.0252023-09-142023-09-152023-09-29Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.0252023-06-152023-06-162023-06-30Cash DividendquarterlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Magellan Aerospace's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.1/7.88
=1.27 %

Current Share Price is C$7.88.
Magellan Aerospace's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.1.

Magellan Aerospace's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.1/7.88
=1.27 %

Current Share Price is C$7.88.
Magellan Aerospace's Dividends per Share for the forward twelve months is calculated as C$0.025 * 4 = C$0.1.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Magellan Aerospace  (TSX:MAL) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Magellan Aerospace Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Magellan Aerospace's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Magellan Aerospace (TSX:MAL) Business Description

Traded in Other Exchanges
Address
3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9
Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

Magellan Aerospace (TSX:MAL) Headlines

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