Canada NewsWire
TORONTO, Nov. 14, 2016
TORONTO, Nov. 14, 2016 /CNW/ - Magellan Aerospace Corporation
("Magellan" or "Corporation") (TSX: MAL) announced today that the board of directors of Magellan has approved a quarterly dividend
payment for the fourth quarter of 2016 in the amount of $0.065 (six and one-half cents) per share on
the Corporation's common stock. This represents a 13.0 percent increase in the rate of the Corporation's current quarterly
dividend. Magellan's dividend has more than doubled over the past three years, and today's announcement marks the 4th
consecutive year of dividend increases by the Corporation since it first implemented a dividend in the third quarter of
2013.
The dividend is payable on December 30, 2016, to shareholders of record at the close of business
on December 9, 2016.
About Magellan Aerospace
Magellan 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
