Magna International Inc. (TSE:MG) Announces Quarterly Dividend of $0.50

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 29th will be paid a dividend of 0.495 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 15th.

Magna International Stock Performance

MG traded up C$0.61 during trading on Wednesday, reaching C$85.94. 86,400 shares of the company’s stock were exchanged, compared to its average volume of 1,445,349. Magna International has a fifty-two week low of C$48.20 and a fifty-two week high of C$95.18. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 56.24. The business has a 50 day moving average price of C$80.07 and a 200 day moving average price of C$75.97. The company has a market capitalization of C$23.76 billion, a P/E ratio of 36.26, a PEG ratio of 0.45 and a beta of 2.05.

Magna International (TSE:MG) (NYSE:MGA) last announced its quarterly earnings results on Friday, May 1st. The company reported C$1.92 earnings per share (EPS) for the quarter. The firm had revenue of C$14.43 billion for the quarter. Magna International had a net margin of 1.59% and a return on equity of 5.43%. As a group, analysts predict that Magna International will post 8.8948171 earnings per share for the current fiscal 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.