Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA announced a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.485 per share on Friday, May 30th. This represents a $1.94 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, May 16th.
Magna International Stock Performance
Magna International stock traded up C$0.35 during mid-day trading on Monday, reaching C$51.28. The company's stock had a trading volume of 2,393,209 shares, compared to its average volume of 1,741,727. The firm's fifty day moving average price is C$48.36 and its two-hundred day moving average price is C$55.11. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. Magna International has a 12-month low of C$43.25 and a 12-month high of C$66.42. The company has a market capitalization of C$10.37 billion, a P/E ratio of 9.63, a PEG ratio of 0.45 and a beta of 1.60.
Analysts Set New Price Targets
MG has been the topic of several research reports. Veritas raised shares of Magna International to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada lowered shares of Magna International from a "moderate buy" rating to a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Research Report on MG
About Magna International
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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.
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