Magna International Inc. (MGA) To Go Ex-Dividend on May 15th

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.495 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, May 15th.

Magna International has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Magna International has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Magna International to earn $7.79 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 25.4%.

Magna International Stock Performance

Shares of MGA opened at $62.28 on Wednesday. The stock has a market capitalization of $17.09 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The business’s fifty day moving average price is $58.32 and its 200 day moving average price is $55.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. Magna International has a 12-month low of $34.94 and a 12-month high of $69.94.

Magna International (NYSE:MGA) (TSE:MG) last released its earnings results on Friday, May 1st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Equities research analysts forecast that Magna International will post 6.84 EPS for the current year.

Institutional Trading of Magna International

Large investors have recently added to or reduced their stakes in the business. ARGA Investment Management LP grew its stake in shares of Magna International by 33.2% in the third quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock worth $196,557,000 after purchasing an additional 1,033,747 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Magna International in the third quarter worth about $33,593,000. AGF Management Ltd. acquired a new stake in Magna International in the third quarter worth about $14,191,000. Achmea Investment Management B.V. bought a new position in Magna International in the 3rd quarter valued at about $8,606,000. Finally, Geode Capital Management LLC increased its stake in Magna International by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock valued at $128,774,000 after buying an additional 154,710 shares during the period. 67.49% of the stock is currently owned by institutional investors and hedge funds.

About Magna International

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.