Magna International Inc. (MG) to Issue Quarterly Dividend of $0.49 on November 27th

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 13th. Shareholders 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 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 13th.

Magna International Trading Up 1.6%

MG stock traded up C$1.38 during trading on Wednesday, reaching C$88.39. The company had a trading volume of 42,316 shares, compared to its average volume of 1,289,644. The company has a debt-to-equity ratio of 55.54, a current ratio of 1.14 and a quick ratio of 0.83. Magna International has a 52 week low of C$63.93 and a 52 week high of C$101.10. The business has a 50 day moving average of C$90.67 and a 200 day moving average of C$87.53. The company has a market cap of C$22.84 billion, a P/E ratio of 28.79, a PEG ratio of 0.45 and a beta of 1.98.

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. Magna International had a return on equity of 6.97% and a net margin of 1.97%. The firm had revenue of C$14.32 billion during the quarter. As a group, sell-side analysts forecast that Magna International will post 8.89 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 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.