Magna International Inc. (MGA) To Go Ex-Dividend on November 13th

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.4950 per share on Friday, November 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, November 13th.

Magna International has decreased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Magna International has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Magna International to earn $7.84 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 25.3%.

Magna International Stock Up 1.0%

MGA opened at $61.90 on Wednesday. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.67 and a beta of 1.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.14. The firm’s 50-day simple moving average is $64.49 and its 200-day simple moving average is $62.94. Magna International has a twelve month low of $45.33 and a twelve month high of $73.22.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings results on Friday, October 30th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.25. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $10.01 billion. Magna International had a net margin of 1.99% and a return on equity of 16.26%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Equities research analysts anticipate that Magna International will post 7.07 EPS for the current fiscal year.

Magna International Company Profile

Magna International is a Canadian mobility technology supplier that designs and manufactures components, systems and complete vehicles for automakers. Its products and services support a range of vehicle types, including those with electric and advanced driver-assistance technologies. The company’s operations include body and exterior systems, seating, powertrain and electronics, as well as vehicle engineering and contract manufacturing. Its portfolio also includes products such as mirrors, lighting systems and roof systems.