Magna International Inc. (TSE:MG) Shares Set to Pay Quarterly Dividend of $0.49

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 13th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.4950 per share on Friday, November 27th. This represents a $1.98 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th.

Magna International Price Performance

TSE:MG opened at C$87.01 on Wednesday. Magna International has a 52 week low of C$63.93 and a 52 week high of C$101.10. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 55.54. The company has a market capitalization of C$22.48 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.45 and a beta of 1.98. The stock’s fifty day moving average is C$90.67 and its two-hundred day moving average is C$87.53.

Magna International (TSE:MG) (NYSE:MGA) last posted its earnings results on Friday, October 30th. The company reported C$2.61 EPS for the quarter. Magna International had a net margin of 1.97% and a return on equity of 6.97%. The company had revenue of C$14.32 billion for the quarter. Equities analysts expect that Magna International will post 8.89 EPS for the current 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 Asia. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.