Latest news with #MagellanAerospace
Yahoo
5 days ago
- Business
- Yahoo
Magellan Aerospace Announces Quarterly Dividend
TORONTO, August 08, 2025--(BUSINESS WIRE)--Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation's common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on September 29, 2025 to stockholders of record at the close of business on September 16, 2025. About Magellan Aerospace Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India. View source version on Contacts For more information:Elena MilantoniChief Financial OfficerMagellan Aerospace CorporationT: +1 905 677 1889E:
Montreal Gazette
6 days ago
- Business
- Montreal Gazette
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace Announces Quarterly Dividend For more information: Elena Milantoni Chief Financial Officer Magellan Aerospace Corporation T: +1 905 677 1889 E: Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation's common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on September 29, 2025 to stockholders of record at the close of business on September 16, 2025. About Magellan Aerospace Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India. This story was originally published
The Market Online
08-08-2025
- Business
- The Market Online
Turbulence ahead? Magellan Aerospace emerges as a portfolio stabilizer
Canadian investors are increasingly prioritizing domestic, stable investments amid rising interest rates, inflation, and global uncertainty, with nearly half of younger investors planning portfolio adjustments within six months Magellan Aerospace Corp. (TSX:MAL) stands out as a defensive stock, offering lower volatility and strong returns making it a compelling option for long-term resilience Analysts project continued growth for Magellan, with earnings estimates of $0.98 per share and a price target of C$18.15, reinforcing its appeal as a stabilizing force in volatile markets Magellan Aerospace stock (TSX:MAL) last traded at C$17.15 With rising interest rates, inflationary pressures, tariffs, and global political uncertainty, the search for stability has never been more urgent. According to the latest Broadridge Investor study, more than 80 per cent of Canadians are prioritizing homegrown investments. And nearly half of Gen Z and Millennial investors plan to adjust their portfolios in the next six months, seeking resilience and reliability. Enter Magellan Aerospace Corp. (TSX: MAL)— a Canadian industrial company with a market cap of C$973 million. Working out of Mississauga, Magellan designs and manufactures critical aerospace components for defense, space, and commercial aviation markets across North America and Europe. This content has been prepared as part of a partnership with Magellan Aerospace Corp. and is intended for informational purposes only. What makes Magellan stand out? It's a defensive stock—meaning its demand remains relatively stable, even during economic downturns. With a beta of just 0.63, Magellan's stock is less volatile than the broader market. And the numbers speak volumes. Magellan has delivered a year-to-date return of over 88 per cent, outperforming the TSX Composite by nearly eightfold. Its 5-year return exceeds 196 per cent, making it a compelling choice for long-term investors seeking shelter from market storms. Analysts project continued earnings growth, with this fiscal year estimates at $0.98 a share, and a price target averaging C$18.15, suggesting stable investor confidence In a time when volatility is the norm, Magellan Aerospace offers something rare: consistency, performance, and Canadian resilience. For investors looking to fortify their portfolios, Magellan may be the defensive anchor they've been searching for. Magellan Aerospace stock (TSX: MAL) closed 0.41 per cent higher on Thursday at C$17.15 and has risen 70.31 per cent since the year began. Join the discussion: Find out what the Bullboards are saying about Magellan Aerospace and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
Yahoo
07-06-2025
- Business
- Yahoo
Double Your Money? Top 2 Canadian Stocks in a Tariff-Sensitive Market
Written by Christopher Liew, CFA at The Motley Fool Canada Tariffs are unwelcome in financial markets and disliked by investors. These duties disrupt trade, alter the investment landscape, and heighten volatility. Fortunately, not all sectors have incurred losses due to tariff chaos. Canada's main stock index advanced nearly 7.2% in the last three months, notwithstanding the U.S.-initiated trade war. As of June 4, 2025, 8 of the TSX's 11 primary sectors are in positive territory. The materials sector is the top performer year-to-date (+18.3%), while industrials have been steady (+5.4%). Notably, one stock from each sector is among the top Canadian stocks in a tariff-sensitive market. K92 Mining (TSX:KNT) and Magellan Aerospace (TSX:MAL) have delivered outsized gains thus far this year. Given their astronomical returns, you can double your money by investing in either stock. Their total returns in one year are 110.2%-plus and 110.6%-plus, respectively. K92 Mining, based in Vancouver, owns the Kainantu Goldmine in Papua New Guinea. The $3.6 billion gold producer aims to become a mid-tier one producer. Given six consecutive years of gold production growth, the goal is highly achievable. But why is this mining stock outperforming in 2025? Gold stocks, such as K92, serve as proxies for the physical precious metal and safety nets for tariff-weary investors. Second, the high-grade, high-margin gold mine in Papua New Guinea offers significant growth in gold resources. Third, the solid Q1 2025 financial results assure future growth. In the three months ending March 31, 2025, net earnings and earnings from mine operations soared 2,190.2% and 484.2% respectively to US$70.2 million and US$110.5 million compared to Q1 2024. Total gold production during the quarter reached 45,735 ounces, representing an 87.5% year-over-year increase. For 2025, management expects gold equivalent production of 160,000 to 185,000 ounces (AuEq), compared to the record 149,515 ounces of AuEq in 2024. KNT is no doubt a compelling gold investment opportunity. If you invest today, the share price is $15.64 (+80.2% year-to-date). Magellan Aerospace, a $971.4 million integrated aerospace company, provides complex assemblies and systems solutions for the civil aerospace and defence markets. Its customers are aircraft and engine manufacturers as well as space agencies. Had you invested $7,000 one year ago, your money would be $14,480.40 today. MAL currently trades at $16.88 per share (+68% year-to-date) and pays a modest dividend yield of 1.2%. According to management, U.S. tariffs have created the potential for a new form of turbulence. Nonetheless, Magellan reported better-than-expected financial results for the start of the year. In Q1 2025, total revenues and net income increased 10.9% and 71.4% year-over-year respectively to $260.9 million and $10.8 million. If trade tensions persist, tariffs could impact the commercial aircraft manufacturing market. However, the strong demand in the defence market should continue to provide manufacturers with secure order books for the foreseeable future. Moreover, the modernization of armed forces globally is a positive factor. On April 30, 2025, Magellan signed long-term agreements (LTAs) with Pratt & Whitney (Canada), an RTX business. The LTAs, including a blend of contract extensions to legacy agreements, enhance Magellan's position in the supply chain. Take your pick between K92 Mining and Magellan Aerospace. The former has a clear path to becoming a mid-tier one gold producer. On the other hand, the latter has the makings of an aerospace industry powerhouse. The post Double Your Money? Top 2 Canadian Stocks in a Tariff-Sensitive Market appeared first on The Motley Fool Canada. Before you buy stock in K92 Mining, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and K92 Mining wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends RTX. The Motley Fool has a disclosure policy. 2025
CBC
17-04-2025
- Business
- CBC
Parts supplier sues Magellan Aerospace in Winnipeg for $1.5M, claiming invoices unpaid
Social Sharing A company that makes components for military aircraft in Winnipeg is being sued for more than $1.5 million by a supplier that claims it hasn't been paid for parts it supplied. Magellan Aerospace manufactures the horizontal tail assembly used in Lockheed Martin's F-35A Lightning II Joint Strike Fighter aircraft. A Manitoba company that supplies hardware entered into an agreement in 2011 to supply Magellan with parts for the manufacture of the Joint Strike Fighter. After that agreement expired in 2017, another agreement took effect until April 30, 2023, says the statement of claim filed in court. It says the two companies were unable to negotiate a new agreement, and in December 2024, Adams Supply issued two invoices to Magellan, for a total of $1,499,980.35. The invoices were to be paid by Magellan by April 5, 2025, the lawsuit claims. "Despite Adams Supply fully performing its obligations under the procurement agreement" and issuing invoices, the court document alleges "Magellan has failed, neglected and/or refused to pay the invoices." The lawsuit was filed by A. Adams Supply (1969) Ltd. on April 7 at Manitoba Court of King's Bench in Winnipeg, and names Magellan Aerospace Ltd. and Magellan Aerospace Winnipeg as defendants. The plaintiff is seeking a court judgment for the invoices, plus interest and court costs. The allegations have not been tested in court and Magellan has not filed a statement of defence.
