Magna International Inc. (MG) to Issue Quarterly Dividend of $0.48 on November 29th

Magna International Inc. (TSE:MG) (NYSE:MGA) declared a quarterly dividend on Friday, November 15th,TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, November 15th.

Magna International Stock Performance

Shares of Magna International stock opened at C$61.57 on Wednesday. The company has a market capitalization of C$17.69 billion, a PE ratio of 13.03, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 62.12, a quick ratio of 0.83 and a current ratio of 1.12. The company has a 50-day simple moving average of C$56.79 and a two-hundred day simple moving average of C$58.97. Magna International has a one year low of C$51.79 and a one year high of C$79.98.

Wall Street Analyst Weigh In

MG has been the topic of several recent research reports. Royal Bank of Canada lowered Magna International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wolfe Research upgraded Magna International to a “strong sell” rating in a research report on Thursday, September 5th.

Magna International Company Profile

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.