Magna International Inc. (MG) Reaches New 52-Week High at $68.83
Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) reached a new 52-week high on Tuesday . The stock traded as high as C$68.83 and last traded at C$68.70, with a volume of 488,382 shares trading hands. The stock had previously closed at C$67.68.
The company has a market capitalization of $25.25 billion and a PE ratio of 12.33. The firm’s 50 day moving average is $63.08 and its 200-day moving average is $59.91.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Magna International’s previous quarterly dividend of $0.25.
Magna International Company Profile
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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