Magna International Inc. (MG) to Issue Quarterly Dividend of $0.49 on August 28th

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 paid 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 of this dividend is Friday, August 14th.

Magna International Price Performance

Magna International stock traded down C$0.51 during mid-day trading on Wednesday, hitting C$97.26. 66,503 shares of the company were exchanged, compared to its average volume of 1,343,030. The company has a market capitalization of C$26.89 billion, a P/E ratio of 35.76, a PEG ratio of 0.45 and a beta of 2.11. The business’s 50 day simple moving average is C$93.50 and its two-hundred day simple moving average is C$85.59. Magna International has a 12-month low of C$60.67 and a 12-month high of C$101.10. The company has a debt-to-equity ratio of 55.07, a current ratio of 1.22 and a quick ratio of 0.83.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, July 31st. The company reported C$2.64 earnings per share (EPS) for the quarter. The company had revenue of C$15.60 billion for the quarter. Magna International had a net margin of 1.77% and a return on equity of 6.15%. Analysts forecast that Magna International will post 8.8948171 earnings per share for the current fiscal year.

Insider Buying and Selling at Magna International

In related news, insider John Hugh Farrell sold 31,523 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$89.41, for a total value of C$2,818,471.43. Following the completion of the sale, the insider directly owned 50,020 shares in the company, valued at approximately C$4,472,288.20. This represents a 38.66% decrease in their position. Also, insider Eric Jon Wilds Wilds sold 34,672 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$91.31, for a total value of C$3,165,900.32. Following the completion of the transaction, the insider directly owned 38,756 shares in the company, valued at C$3,538,810.36. This trade represents a 47.22% decrease in their ownership of the stock. Insiders sold a total of 110,405 shares of company stock valued at $10,090,534 in the last quarter. Company insiders own 6.18% of the company’s stock.

Magna International Company Profile

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.