Magna International Inc. (MGA) To Go Ex-Dividend on November 14th

Magna International Inc. (NYSE:MGA) (TSE:MG) announced a quarterly dividend on Friday, October 31st. Investors of record on Friday, November 14th will be given a dividend of 0.485 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, November 14th.

Magna International has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Magna International has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Magna International to earn $6.66 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 29.1%.

Magna International Price Performance

MGA opened at $49.84 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.16. The stock has a market capitalization of $14.05 billion, a PE ratio of 11.70, a P/E/G ratio of 1.00 and a beta of 1.59. The company’s 50 day simple moving average is $46.60 and its 200 day simple moving average is $42.12. Magna International has a 1 year low of $30.39 and a 1 year high of $50.35.

Magna International (NYSE:MGA) (TSE:MG) last issued its earnings results on Friday, October 31st. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Magna International had a net margin of 2.91% and a return on equity of 11.89%. The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.03 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Magna International has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Magna International will post 5.87 EPS for the current year.

About Magna International

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.