TORONTO, Nov. 2, 2018 /CNW/ - Magellan Aerospace
Corporation ("Magellan Aerospace") (TSX: MAL) announced today that
its Board of Directors has approved a quarterly common stock cash
dividend for the fourth quarter of 2018 of $0.10 (ten cents)
per share, a 17.6 percent increase in the rate of the Corporation's
quarterly dividend from the dividend paid in the third quarter of
2018. This increase in the dividend rate is the fifth consecutive
year of increase in dividend from 2013, when the Corporation paid
its first dividend. The dividend is payable on December 31, 2018, to stockholders of record at
the close of business on December 14,
2018.
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 Canada, the United States, the United Kingdom, India, and Poland.
SOURCE Magellan Aerospace Corporation