Even though the automotive industry is known for being cyclical, Magna’s dividends are quite safe. Magna says its dividend will rise to the equivalent of 44 cents per share with the March 27 payment to shareholders, or 22 cents per share after the company does a two-for-one stock split on March 25. Dividends declared prior to Q2 2006 have been restated on a post-split basis. Magna International (NYSE: MGA) is currently up 9.68% to a price of $71.68. (Analysts’ price target is $77.20) Show full opinion Hide full opinion. The company raised its quarterly dividend to 44 cents per share from 38 cents. Investing in dividend-paying stocks, such as Magna International is one of the few strategies that are good for long-term investment. What is Magna International current dividend yield, its reliability and sustainability? Magna's earnings have beat analysts' expectations for four consecutive quarters, helped by … View real-time stock prices and stock quotes for a full financial overview. Shares of Magna International (NYSE:MGA), supplier to almost 60 automotive original equipment manufacturers (OEMs), jumped 9% today after announcing a … Precious Metals . Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Zacks. Magna International Inc. (NYSE:MGA)’s Major holders . The current TTM dividend payout for Magna (MGA) as of December 18, 2020 is $1.60 . In comparison to other stocks in the Consumer Cyclical sector, Magna International Inc offers a higher dividend yield than 76.16% of them. Cheap. After the split, shareholders will get 22 cents per share. Rapidly improving balance sheet. Actual dividends paid to holders outside Canada are reduced by the applicable Non-residents withholding tax. This payout ratio is at a healthy, sustainable level, below 75%. Magna International's earnings per share have fallen at approximately 19% a year over the previous five years. 10'' list, signifying an international stock … MGA Stock Historical Dividends and Yields - Magna International Inc : Stock dividend history, yield and payout ratio data. Ex-dividend dates are significant because investors in Magna International must own a stock before its ex-dividend date to receive its next dividend. Stock analysis for Magna International Inc (MG:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. If we look at who the major shareholders are, we find that insiders hold 7.45% of Magna International Inc. shares while 69.33% of the shares are in the hands of institutional holders. Nice dividend. Generous and growing dividends could prompt income-seeking investors to bid up the price of Magna’s shares. View 4,000+ financial data types. Note (1): U.S. dividend rates apply to U.S. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Note (2): Dividend rates quoted are gross dividend rates. Browse... View Full Chart Dividend Yield Chart . As Magna notes, there are a lot of reasons to be nervous about the auto sector right now. Use comma (,) to separate each symbol. Shares of Magna International Inc. (MG.TO) (TSE:MG) (NYSE:MGA) reached a new 52-week high during mid-day trading on Wednesday . Market Indexes. High Dividend: MG's dividend (2.51%) is low compared to the top 25% of dividend payers in the Canadian market (5.06%). If you are looking for stocks with good return, Magna International Inc. stock can be a bad, high-risk 1-year investment option. Magna International (NYSE:MGA) declares $0.40/share quarterly dividend, in line with previous.Forward yield 2.89%Payable Dec. 4; for shareholders of record Nov. Magna International pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.51%. Magna has increased its dividend in each of the last 10 years. Right now, Magna stock has a quarterly dividend rate of $0.365 per share, which comes out to an annual yield of 2.8%. Registered shareholders and U.S. Magna International Inc's market cap of $19 billion US dollars puts it in the large-sized market cap class; here, it has a lower equity discount rate than 26.97% of stocks. The company traded as high as C$96.11 and last traded at C$92.69, with a volume of 404308 shares. Magna Int'l. Yield is 3.06%. Information is provided 'as-is' and solely for info MGA | Complete Magna International Inc. stock news by MarketWatch. The current dividend yield for Magna as of December 18, 2020 is 2.48% . The share float percentage for the stock currently stands at 74.91%. The best part is, unlike many beaten-down dividend stocks, Magna International still offers top-notch dividend safety. Including dividends, Magna's stock has gained 42 per cent over the past year. In 2018, the company generated adjusted diluted earnings of $6.71 per share while paying four quarterly dividends totaling $1.32 per share. MGA Stock: Why Magna International Shares Are Driving Higher Today MGA is soaring on news of a joint-venture with LG By William White , InvestorPlace … Magna International Inc (Symbol: MGA) has been named to the Dividend Channel ''International S.A.F.E. Magna International Dividend Yield: 2.61% for Dec. 11, 2020. RRSP Investing: Buy These 3 Dividend All-Star Stocks. Despite COVID-19, Magna maintained its dividend, paying shareholders $115 million in the quarter. Cheap. Historical Dividend Yield Data. Dividend yield than 76.16 % of them 3.1 per cent over the past 5 years the. 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