Magna International Inc. (TSE:MG) Declares Quarterly Dividend of $0.48
Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.482 per share on Friday, September 6th. This represents a $1.93 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 22nd.
Shares of TSE:MG opened at C$63.69 on Wednesday. Magna International has a 1 year low of C$57.34 and a 1 year high of C$76.11. The firm has a market capitalization of $19.85 billion and a price-to-earnings ratio of 8.19. The company has a debt-to-equity ratio of 43.01, a current ratio of 1.21 and a quick ratio of 0.82. The business’s 50 day moving average price is C$63.89 and its 200-day moving average price is C$65.90.
In other news, Senior Officer James Joseph Tobin Sr. sold 36,398 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of C$62.31, for a total transaction of C$2,267,817.86.
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.
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