Insider Selling: Magna International Inc. (MG) Director Sells C$5,970,720.00 in Stock
Magna International Inc. (TSE:MG) (NYSE:MGA) Director Tommy Joseph Skudutis sold 84,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$71.08, for a total transaction of C$5,970,720.00.
Shares of Magna International Inc. (TSE:MG) opened at C$72.07 on Monday. Magna International Inc. has a 12 month low of C$52.63 and a 12 month high of C$72.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were paid a dividend of $0.354 per share. This is an increase from Magna International’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, November 22nd. This represents a $1.42 annualized dividend and a dividend yield of 1.96%. Magna International’s dividend payout ratio is 14.99%.
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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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