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

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Friday, August 28th will be given a dividend of 0.495 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 14th.

Magna International Trading Down 0.1%

TSE:MG traded down C$0.12 during trading hours on Wednesday, hitting C$97.65. 34,019 shares of the stock were exchanged, compared to its average volume of 1,342,830. The company has a market capitalization of C$26.99 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 0.45 and a beta of 2.11. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07. The company’s 50 day moving average is C$93.50 and its two-hundred day moving average is C$85.59. Magna International has a twelve month low of C$60.67 and a twelve month high of C$101.10.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, July 31st. The company reported C$2.64 EPS for the quarter. The company had revenue of C$15.60 billion during the quarter. Magna International had a return on equity of 6.15% and a net margin of 1.77%. On average, sell-side analysts anticipate that Magna International will post 8.8948171 earnings per share for the current fiscal year.

About Magna International

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.