Magna International Inc. (MG) to Issue Quarterly Dividend of $0.50 on May 29th

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 29th will be paid a dividend of 0.495 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 15th.

Magna International Trading Up 1.3%

TSE MG traded up C$1.14 on Wednesday, hitting C$86.47. The company’s stock had a trading volume of 130,172 shares, compared to its average volume of 1,445,523. The firm has a market cap of C$23.90 billion, a P/E ratio of 36.49, a PEG ratio of 0.45 and a beta of 2.05. Magna International has a 52-week low of C$48.20 and a 52-week high of C$95.18. The company’s 50-day simple moving average is C$80.07 and its 200 day simple moving average is C$75.97. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 56.24.

Magna International (TSE:MG) (NYSE:MGA) last announced its earnings results on Friday, May 1st. The company reported C$1.92 EPS for the quarter. The company had revenue of C$14.43 billion during the quarter. Magna International had a return on equity of 5.43% and a net margin of 1.59%. Research analysts predict that Magna International will post 8.8948171 EPS for the current fiscal year.

Magna International Company Profile

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.