Magna International Inc. to Issue Quarterly Dividend of $0.48 (TSE:MG)

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, November 8th, Zacks reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.481 per share on Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, November 21st.

Shares of TSE MG traded up C$0.22 during trading hours on Tuesday, reaching C$73.77. The stock had a trading volume of 219,154 shares, compared to its average volume of 859,579. The business’s fifty day moving average is C$70.71 and its two-hundred day moving average is C$66.09. The company has a debt-to-equity ratio of 43.01, a current ratio of 1.21 and a quick ratio of 0.82. The company has a market cap of $22.49 billion and a price-to-earnings ratio of 9.48. Magna International has a twelve month low of C$57.34 and a twelve month high of C$76.11.

In other Magna International news, Director Tommy Joseph Skudutis sold 68,313 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$70.58, for a total transaction of C$4,821,251.46. Following the completion of the transaction, the director now directly owns 9,574 shares in the company, valued at C$675,693.67. Also, Director Donald James Walker sold 60,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$64.20, for a total value of C$3,852,000.00. Following the transaction, the director now owns 1,334,475 shares of the company’s stock, valued at C$85,673,295. Insiders sold 296,313 shares of company stock valued at $20,657,637 over the last 90 days.

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Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.

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Dividend History for Magna International (TSE:MG)

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