Magna International Inc. (NYSE:MGA) to Issue Quarterly Dividend of $0.50

Magna International Inc. (NYSE:MGA) (TSE:MG) declared a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be paid a dividend of 0.495 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.1% increase from Magna International’s previous quarterly dividend of $0.49.

Magna International has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 6 years. Magna International has a dividend payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Magna International to earn $6.66 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 29.1%.

Magna International Price Performance

NYSE MGA opened at $68.58 on Friday. The business’s fifty day moving average is $54.22 and its 200 day moving average is $49.01. Magna International has a fifty-two week low of $30.39 and a fifty-two week high of $69.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.18. The company has a market capitalization of $19.12 billion, a PE ratio of 18.74 and a beta of 1.50.

Magna International (NYSE:MGA) (TSE:MG) last posted its quarterly earnings data on Friday, February 13th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.81 by $0.37. The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.54 billion. Magna International had a return on equity of 11.88% and a net margin of 2.50%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Sell-side analysts predict that Magna International will post 5.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MGA. EverSource Wealth Advisors LLC raised its stake in Magna International by 35.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in shares of Magna International by 2.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock valued at $439,000 after buying an additional 215 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Magna International by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after acquiring an additional 235 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Magna International by 1.8% in the third quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock worth $675,000 after acquiring an additional 246 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Magna International by 7.3% during the fourth quarter. Arkadios Wealth Advisors now owns 4,767 shares of the company’s stock worth $254,000 after acquiring an additional 324 shares during the last quarter. 67.49% of the stock is owned by hedge funds and other institutional investors.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.