TORONTO, Nov. 3, 2017 /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 2017 of $0.085 (eight and one-half cents) per share, a
30.8 percent increase in the rate of the Corporation's current
quarterly dividend. The increase in the dividend rate is reflective
of the Corporation's improving balance sheet and strong
financial results. The dividend is payable on December 29, 2017, to stockholders of record at
the close of business on December 15,
2017.
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