Magna International Inc. (NYSE:MGA) to Issue Quarterly Dividend of $0.49

Magna International Inc. (NYSE:MGA) (TSE:MG) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.4950 per share on Friday, November 27th. This represents a $1.98 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 13th.

Magna International has decreased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Magna International has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Magna International to earn $7.84 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 25.3%.

Magna International Price Performance

Shares of MGA opened at $61.35 on Wednesday. The company has a market capitalization of $15.85 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $64.49 and a 200 day moving average of $62.94. Magna International has a twelve month low of $45.33 and a twelve month high of $73.22.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings data on Friday, October 30th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.25. Magna International had a return on equity of 16.26% and a net margin of 1.99%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Magna International will post 7.07 earnings per share for the current fiscal year.

Magna International Company Profile

Magna International is a Canadian mobility technology supplier that designs and manufactures components, systems and complete vehicles for automakers. Its products and services support a range of vehicle types, including those with electric and advanced driver-assistance technologies. The company’s operations include body and exterior systems, seating, powertrain and electronics, as well as vehicle engineering and contract manufacturing. Its portfolio also includes products such as mirrors, lighting systems and roof systems.