Magna International Inc. Announces Quarterly Dividend of $0.48 (TSE:MG)

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 15th,TickerTech Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.475 per share on Friday, November 29th. This represents a $1.90 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, November 15th.

Magna International Price Performance

Shares of TSE:MG opened at C$61.86 on Thursday. The business has a 50 day moving average price of C$57.00 and a 200 day moving average price of C$58.89. Magna International has a twelve month low of C$51.79 and a twelve month high of C$79.98. The company has a market cap of C$17.77 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.45 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 62.12.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada downgraded Magna International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wolfe Research raised Magna International to a “strong sell” rating in a report on Thursday, September 5th.

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.