Magna International Inc. Plans Quarterly Dividend of $0.49 (TSE:MG)

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Friday, August 28th will be given a dividend of 0.495 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th.

Magna International Stock Performance

Shares of TSE:MG traded down C$0.12 during trading on Wednesday, hitting C$97.65. 34,019 shares of the stock were exchanged, compared to its average volume of 1,342,830. The company has a market capitalization of C$26.99 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 0.45 and a beta of 2.11. The company has a debt-to-equity ratio of 55.07, a quick ratio of 0.83 and a current ratio of 1.22. Magna International has a 1-year low of C$60.67 and a 1-year high of C$101.10. The company’s fifty day simple moving average is C$93.50 and its 200-day simple moving average is C$85.59.

Magna International (TSE:MG) (NYSE:MGA) last issued its earnings results on Friday, July 31st. The company reported C$2.64 earnings per share for the quarter. Magna International had a net margin of 1.77% and a return on equity of 6.15%. The business had revenue of C$15.60 billion for the quarter. Sell-side analysts expect that Magna International will post 8.8948171 EPS for the current fiscal year.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.