Magna International Inc. (MG) Trading Up 3.9%
Magna International Inc. (TSE:MG) (NYSE:MGA) was up 3.9% during mid-day trading on Thursday . The company traded as high as C$62.24 and last traded at C$62.19. Approximately 948,962 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 918,048 shares. The stock had previously closed at C$59.86.
The company has a market capitalization of $23.39 billion and a PE ratio of 11.42. The stock’s 50 day moving average price is $59.55 and its 200-day moving average price is $58.82.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.275 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.74%.
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About Magna International
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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