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

Key Points

• Magna International Inc. has announced a quarterly dividend of $0.49 per share, with an ex-dividend date of August 15th and a record date of August 29th.
• The company’s stock recently traded at C$61.91 and has shown significant trading volume and price fluctuations in the past year.
• Several analysts have recently updated their ratings, with Cfra Research and Bank of America raising Magna’s rating to a "hold" and increasing the price target to C$61.00.

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA declared a quarterly dividend on Friday, August 15th, TickerTech Dividends reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.485 per share on Friday, August 29th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 15th.

Magna International Stock Performance

MG stock traded down C$0.57 during midday trading on Friday, hitting C$61.20. The company's stock had a trading volume of 762,797 shares, compared to its average volume of 1,579,084. The stock's 50-day moving average price is C$55.86 and its 200 day moving average price is C$52.35. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 61.81. Magna International has a 1 year low of C$43.25 and a 1 year high of C$66.42. The stock has a market cap of C$12.38 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.45 and a beta of 1.60.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.