Magna International Inc. (MGA) To Go Ex-Dividend on August 14th

Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be given a dividend of 0.495 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 14th.

Magna International has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. Magna International has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Magna International to earn $7.82 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 25.3%.

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Magna International Stock Up 0.5%

NYSE:MGA opened at $70.25 on Wednesday. Magna International has a fifty-two week low of $42.35 and a fifty-two week high of $71.96. The stock has a market capitalization of $18.79 billion, a P/E ratio of 25.45, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22. The company’s 50-day simple moving average is $66.38 and its 200-day simple moving average is $61.77.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last posted its quarterly earnings data on Friday, July 31st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.53 by $0.33. Magna International had a net margin of 1.80% and a return on equity of 15.04%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.63 billion. Magna International’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 EPS. Magna International has set its FY 2026 guidance at 6.700-7.300 EPS. On average, equities analysts anticipate that Magna International will post 7.02 earnings per share for the current fiscal year.

About Magna International

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Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.

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