Magna International Inc. (MG) To Go Ex-Dividend on August 14th

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders of record on Friday, August 28th will be given a dividend of 0.495 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 14th.

Magna International Price Performance

TSE:MG traded down C$0.67 during trading hours on Wednesday, hitting C$97.10. 79,130 shares of the stock traded hands, compared to its average volume of 1,342,939. The company has a market cap of C$26.84 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 0.45 and a beta of 2.11. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07. The stock has a 50 day moving average price of C$93.50 and a 200 day moving average price of C$85.59. Magna International has a 1 year low of C$60.67 and a 1 year high of C$101.10.

Magna International (TSE:MG) (NYSE:MGA) last posted its quarterly earnings results on Friday, July 31st. The company reported C$2.64 EPS for the quarter. Magna International had a return on equity of 6.15% and a net margin of 1.77%.The business had revenue of C$15.60 billion for the quarter. Sell-side analysts forecast that Magna International will post 8.8948171 EPS 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 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.