Magna International Inc. (MG) To Go Ex-Dividend on November 15th

Magna International Inc. (TSE:MG) (NYSE:MGA) announced a quarterly dividend on Friday, November 1st, TickerTech reports. Stockholders of record on Friday, November 15th 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 dividend yield of ∞. The ex-dividend date of this dividend is Friday, November 15th.

Magna International Price Performance

Magna International has a 1 year low of C$51.79 and a 1 year high of C$79.98. The company’s 50-day simple moving average is C$56.45 and its two-hundred day simple moving average is C$59.22. 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 market cap of C$16.82 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Magna International (TSE:MG) (NYSE:MGA) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.14). Magna International had a net margin of 2.29% and a return on equity of 9.03%. The business had revenue of C$14.99 billion for the quarter, compared to the consensus estimate of C$15.22 billion. Equities research analysts expect that Magna International will post 8.8948171 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MG shares. Wolfe Research upgraded shares of Magna International to a “strong sell” rating in a research note on Thursday, September 5th. Royal Bank of Canada cut shares of Magna International from a “moderate buy” rating to a “hold” rating in a research note 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.