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

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 13th. Investors of record on Friday, November 27th will be given a dividend of $0.4950 per share on Friday, November 27th. This represents a $1.98 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 13th.

Magna International Stock Down 1.2%

Shares of TSE MG opened at C$87.01 on Wednesday. The company has a debt-to-equity ratio of 55.54, a current ratio of 1.14 and a quick ratio of 0.83. The company has a market cap of C$22.48 billion, a P/E ratio of 28.34, a PEG ratio of 0.45 and a beta of 1.98. Magna International has a 1 year low of C$63.93 and a 1 year high of C$101.10. The firm has a 50-day simple moving average of C$90.67 and a two-hundred day simple moving average of C$87.53.

Magna International (TSE:MG) (NYSE:MGA) last announced its earnings results on Friday, October 30th. The company reported C$2.61 earnings per share (EPS) for the quarter. The business had revenue of C$14.32 billion during the quarter. Magna International had a return on equity of 6.97% and a net margin of 1.97%. Research analysts anticipate that Magna International will post 8.89 earnings per share for the current 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 Asia. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.