TSX:MAL - Post Discussion
Post by
kijiji on Mar 22, 2022 8:59am
Magellan a Dividend Stock for Conflict Investing
During periods of armed conflict, aerospace and defensive stocks typically see share price appreciation, along with a steady income stream that dividend stocks offer.
Magellan Aerospace Corp. (TSX:MAL)
Aerospace and Defence
Magellan Aerospace supplies components to the aerospace industry. It has two major product groups: aero-structures and aero-engines. 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.
Market Cap: $583.1M
7-Day Return: +1.7%
30-Day Return: +3.0%
30-Day Average Trading Volume: 10,573
Dividend Yield: 4.2%
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