Canada NewsWire
TORONTO, Nov. 3, 2017
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
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