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

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders 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 dividend yield of 2.0%. The ex-dividend date is Friday, August 14th.

Magna International Stock Performance

Shares of MG traded up C$0.09 during mid-day trading on Wednesday, hitting C$97.86. The company’s stock had a trading volume of 51,606 shares, compared to its average volume of 1,342,830. The stock’s 50-day moving average is C$93.50 and its two-hundred day moving average is C$85.59. The firm has a market capitalization of C$27.05 billion, a PE ratio of 35.98, 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 one year low of C$60.67 and a one year high of C$101.10.

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

About Magna International

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.