Magna International Inc. Plans Quarterly Dividend of $0.49 (NYSE:MGA)

Magna International Inc. (NYSE:MGA) (TSE:MG) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.495 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 14th.

Magna International has decreased its dividend payment by an average of 0.1%annually 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 34.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Magna International to earn $7.68 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 25.8%.

Magna International Price Performance

NYSE MGA opened at $68.66 on Friday. The firm’s fifty day simple moving average is $65.83 and its two-hundred day simple moving average is $61.03. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. Magna International has a 12-month low of $40.51 and a 12-month high of $70.36. The firm has a market capitalization of $18.36 billion, a P/E ratio of 28.73, a P/E/G ratio of 0.95 and a beta of 1.44.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings data on Friday, July 31st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.33. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.63 billion. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. Analysts forecast that Magna International will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Magna International

A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after buying an additional 205 shares in the last quarter. 1620 Investment Advisors Inc. boosted its stake in shares of Magna International by 2.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock worth $439,000 after acquiring an additional 215 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Magna International by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock worth $486,000 after purchasing an additional 235 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Magna International by 1.8% during the third quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock worth $675,000 after purchasing an additional 246 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Magna International by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $184,000 after purchasing an additional 275 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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.