Magna International Inc. (TSE:MG) to Issue $0.48 Quarterly Dividend

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 15th,TickerTech Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.475 per share on Friday, November 29th. This represents a $1.90 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, November 15th.

Magna International Stock Performance

MG opened at C$61.86 on Thursday. The business’s 50-day moving average price is C$57.00 and its two-hundred day moving average price is C$58.89. Magna International has a 1 year low of C$51.79 and a 1 year high of C$79.98. The company has a market capitalization of C$17.77 billion, a price-to-earnings ratio of 13.05, 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 current ratio of 1.12 and a quick ratio of 0.83.

Analyst Upgrades and Downgrades

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

About Magna International

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.