Magna International Inc. (MG) Director Sells C$13,474,000.00 in Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) Director Donald James Walker sold 200,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$67.37, for a total transaction of C$13,474,000.00.

Magna International Inc. (TSE:MG) traded up C$0.35 during trading hours on Tuesday, hitting C$67.53. 567,410 shares of the stock were exchanged, compared to its average volume of 926,560. Magna International Inc. has a fifty-two week low of C$51.77 and a fifty-two week high of C$71.22.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.354 per share. The ex-dividend date is Wednesday, November 22nd. This is a boost from Magna International’s previous quarterly dividend of $0.28. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.10%. Magna International’s dividend payout ratio is 14.77%.

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About Magna International

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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