10'' list, signifying an international stock … Rapidly improving balance sheet. Auto parts giant Magna International Inc. has raised its outlook for the year and increased its dividend by 67 per cent, sending the company's stock soaring to its highest level in nearly three years. Magna International Inc (Symbol: MGA) has been named to the Dividend Channel ''International S.A.F.E. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks. MGA: Get the latest Magna stock price and detailed information including MGA news, historical charts and realtime prices. View real-time stock prices and stock quotes for a full financial overview. View today's stock price, news and analysis for Magna International Inc. (MGA). There are … RRSP Investing: Buy These 3 Dividend All-Star Stocks. (A) (MG-T) October 8, 2020 Buy industrials into a recovery. Magna — which reports in U.S. dollars — said it will pay a dividend of 18 cents US per share after a one-time, two-for-one stock split takes effect later this month. Browse... View Full Chart Dividend Yield Chart . In 2018, the company generated adjusted diluted earnings of $6.71 per share while paying four quarterly dividends totaling $1.32 per share. Magna has increased its dividend in each of the last 10 years. 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. Stock Research. What is Magna International current dividend yield, its reliability and sustainability? It only reduced its dividend in the recession of 2008 and 2009. 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. Cheap. Magna International does not yet have a strock track record of dividend growth. Even though the automotive industry is known for being cyclical, Magna’s dividends are quite safe. Shares of Magna International Inc. (MG.TO) (TSE:MG) (NYSE:MGA) reached a new 52-week high during mid-day trading on Wednesday . Current Dividend Yield Dividend Yield vs Market. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Despite COVID-19, Magna maintained its dividend, paying shareholders $115 million in the quarter. In aggregate, Magna International currently has a Value Score of A, putting it into the top 20% of all stocks we cover from this look. MGA vs. RACE: Which Stock Is the Better Value Option? Ownership Statement holders only. In on the electrification trend. Start your Free Trial. Dividends declared prior to Q2 2006 have been restated on a post-split basis. (Analysts’ price target is $77.20) Show full opinion Hide full opinion. Magna International (NYSE: MGA) is currently up 9.68% to a price of $71.68. Notable Dividend: MG's dividend (2.51%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%). WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The company traded as high as C$96.11 and last traded at C$92.69, with a volume of 404308 shares. 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 … Registered shareholders and U.S. The company raised its quarterly dividend to 44 cents per share from 38 cents. In comparison to other stocks in the Consumer Cyclical sector, Magna International Inc offers a higher dividend yield than 76.16% of them. Nice dividend. Nice dividend. A high-level overview of Magna International Inc. (MGA) stock. Note (2): Dividend rates quoted are gross dividend rates. MGA | Complete Magna International Inc. stock news by MarketWatch. Read Full Analysis Company Profile Business Description . Yield is 3.06%. Find the latest MAGNA INTERNATIONAL INC (MG.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. This payout ratio is at a healthy, sustainable level, below 75%. More » Market Crash: If You’re Invested in These Stocks, It’s Time to Sell High Dividend: MG's dividend (2.51%) is low compared to the top 25% of dividend payers in the Canadian market (5.06%). Stock analysis for Magna International Inc (MG:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. View and export this data going back to 1986. Energy. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. The dividend payout ratio of Magna International is 26.45%. Stock Screener. Precious Metals . In other words, Magna was paying out just 19.7% of its profits last year. MGA Dividend History & Description — Magna International Inc. Magna International is a global automotive supplier which has vehicle engineering and contract manufacturing capabilities, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors and lighting, mechatronics and roof systems. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Magna International Inc.. The current dividend yield for Magna as of December 18, 2020 is 2.48% . Actual dividends paid to holders outside Canada are reduced by the applicable Non-residents withholding tax. MGA Stock Historical Dividends and Yields - Magna International Inc : Stock dividend history, yield and payout ratio data. In the meantime, Magna also offers a respectable 2.83% dividend yield. Note (1): U.S. dividend rates apply to U.S. 2.51%. This translates into C$1.95 a share. MG has been the subject of a number of research reports. Magna International pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.51%. The stock had previously closed at C$85.67. Information is provided 'as-is' and solely for info Use comma (,) to separate each symbol. Historical Dividend Yield Data. Magna International's earnings per share have fallen at approximately 19% a year over the previous five years. Zacks. Shares of Magna International (NYSE:MGA), supplier to almost 60 automotive original equipment manufacturers (OEMs), jumped 9% today after announcing a … The best part is, unlike many beaten-down dividend stocks, Magna International still offers top-notch dividend safety. Ex-dividend dates are significant because investors in Magna International must own a stock before its ex-dividend date to receive its next dividend. (Source: “Dividends,” Magna International Inc., last accessed January 29, 2020.) The share float percentage for the stock currently stands at 74.91%. View 4,000+ financial data types. Strong auto demand. Generous and growing dividends could prompt income-seeking investors to bid up the price of Magna’s shares. Magna's earnings have beat analysts' expectations for four consecutive quarters, helped by … RRSP investors should be aggressive right now. Market Indexes. The current TTM dividend payout for Magna (MGA) as of December 18, 2020 is $1.60 . Magna Int'l. If you are looking for stocks with good return, Magna International Inc. stock can be a bad, high-risk 1-year investment option. Dividend all-star stocks like Magna International Inc. (TSX:MG)(NYSE:MGA) are well worth it.The post RRSP Investing: Buy These 3 Dividend All-Star Stocks appeared first on The Motley Fool Canada. Investing in dividend-paying stocks, such as Magna International is one of the few strategies that are good for long-term investment. During the past 5 years, the average dividend yield was 2.56% per year. Dividend all-star stocks like Magna International Inc. (TSX:MG)(NYSE:MGA) are well worth it. 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. Including dividends, Magna's stock has gained 42 per cent over the past year. This works out to an attractive yield of 3.1 per cent. In on the electrification trend. Magna International Inc. (NYSE:MGA)’s Major holders . Magna also approved a two-for-one stock split on Wednesday and said the split would be implemented through a stock dividend. 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. After the split, shareholders will get 22 cents per share. Cheap. Magna now pays annual dividends of $1.46 a share. 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