Does Magellan Aerospace pay a dividend?

TORONTO, March 01, 2024 -- ( BUSINESS WIRE )--Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares.

When was Magellan Financial Group's last ex-dividend date?

Magellan Financial Group's most recent ex-dividend date was Tuesday, August 22, 2023. When did Magellan Financial Group last increase or decrease its dividend? The most recent change in the company's dividend was an increase of A$0.23 on Monday, August 21, 2023.

Why is the Magellan share price up 186% today?

With a special dividend declared atop the ordinary dividend and an improving performance outlook, the Magellan share price is up a whopping 18.6% in afternoon trade today. If you're looking to bank that passive income, here's what you need to know. What's going on with the Magellan dividend?

Why did Magellan cut its dividend?

For dividend investors, the picture portrayed may not be so bleak. Despite Magellan's 33% fall in profits, the company only shaved 1.7% off its total dividends for the financial year. Furthermore, the small reduction in dividends to be paid was driven by a fall in the performance fee portion of the payout.