Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA declared a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.485 per share on Friday, May 30th. This represents a $1.94 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, May 16th.
Magna International Trading Up 1.7%
Shares of Magna International stock opened at C$51.72 on Wednesday. The stock has a market cap of C$10.46 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.45 and a beta of 1.60. 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 12-month low of C$43.25 and a 12-month high of C$66.42. The business's 50 day moving average is C$48.54 and its 200-day moving average is C$55.28.
Wall Street Analysts Forecast Growth
MG has been the topic of several research analyst reports. Veritas upgraded Magna International to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada lowered Magna International from a "moderate buy" rating to a "hold" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold".
Get Our Latest Analysis on Magna International
Magna International Company Profile
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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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