Magna International Inc. (MGA) to Issue Quarterly Dividend of $0.50 on March 13th

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be given a dividend of 0.495 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.1% increase from Magna International’s previous quarterly dividend of $0.49.

Magna International has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Magna International has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Magna International to earn $6.66 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 29.7%.

Magna International Stock Performance

Shares of MGA stock opened at $64.93 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 22.01 and a beta of 1.50. Magna International has a 52 week low of $30.39 and a 52 week high of $69.94. The firm’s 50-day simple moving average is $56.29 and its two-hundred day simple moving average is $50.32.

Magna International (NYSE:MGA) (TSE:MG) last released its earnings results on Friday, February 13th. The company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.37. Magna International had a net margin of 1.99% and a return on equity of 12.73%. The firm had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.54 billion. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 EPS. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, equities analysts forecast that Magna International will post 5.87 earnings per share for the current year.

Magna International Company Profile

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.