Magna International stock dividend – MAGNA INTERNATIONAL Declares 0.46 Cash Dividend
February 14, 2023
Dividends Yield
Magna International stock dividend – On February 10 2023, MAGNA INTERNATIONAL ($TSX:MG) declared a 0.46 Cash Dividend to its shareholders. MAGNA INTERNATIONAL is an automotive parts supplier and a global leader in the industry. It is a publicly-traded company with a market capitalization of over $30 billion. If you’re looking for dividend stocks, then MAGNA INTERNATIONAL could be a great option for you. The company has been paying dividends for the last 3 years, at an annual dividend per share of 1.78, 1.72 and 1.6 USD respectively.
This translates to a dividend yield of 2.47%, 2.0% and 3.24%, with an average dividend yield of 2.57%. The company has been growing steadily and the share price has also been rising, making it an attractive stock for dividend investors. The ex-dividend date for MAGNA INTERNATIONAL is February 23 2023, so if you want to receive the dividend, you must purchase the stock before that date. Dividends will be paid out on March 10 2023. This is an opportunity for investors to benefit from the company’s strong financial performance and growing share price.
Share Price
The news sent shockwaves through the stock market as MAGNA INTERNATIONAL is one of the leading global automotive suppliers. This news follows a period of strong performance from MAGNA INTERNATIONAL. This is well above industry averages and suggests that their strategy is paying off. Shareholders of MAGNA INTERNATIONAL should be pleased with the dividend announcement, as it shows the company’s commitment to rewarding its investors.
It also indicates that the company has the financial strength and stability to thrive in an uncertain business environment. The stock market’s reaction to the news should be seen as a sign that investors are confident in MAGNA INTERNATIONAL’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Magna International. More…
| Total Revenues | Net Income | Net Margin |
| 37.38k | 961 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Magna International. More…
| Operations | Investing | Financing |
| 2.19k | -1.88k | -1.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Magna International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.67k | 15.82k | 36.52 |
Key Ratios Snapshot
Some of the financial key ratios for Magna International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.4% | -11.8% | 3.8% |
| FCF Margin | ROE | ROA |
| 1.9% | 8.4% | 3.4% |
Analysis – Magna International Stock Fair Value Calculator
GoodWhale has conducted an analysis of MAGNA INTERNATIONAL‘s fundamental data and come up with a fair value of CA$87.3 per share. This fair value is determined by our proprietary Valuation Line algorithm. Currently, MAGNA INTERNATIONAL stock is traded at CA$72.2, which is lower than its fair value, meaning it is undervalued by approximately 17.3%. This presents investors with an opportunity to buy in and get a higher return later. The company supplies auto parts to a range of original equipment manufacturers, from small cars to luxury vehicles and trucks. Its product offerings include door systems, powertrain components, seating systems, lighting systems, and exterior systems and modules. MAGNA INTERNATIONAL enjoys significant advantages in terms of scale and cost efficiency due to its diversified operations. As a result, the company is well-positioned to benefit from the growing demand for new vehicles and technologies in mature and emerging markets. Additionally, MAGNA INTERNATIONAL has a long history as an innovator in the industry, with many patented technologies and processes in its portfolio. Overall, given the company’s strong fundamentals and attractive valuation, GoodWhale believes MAGNA INTERNATIONAL to be an attractive investment opportunity for those looking to benefit from upside potential. More…
Peers
Magna International Inc is one of the world’s leading suppliers of automotive systems and components. The company has operations in more than 30 countries and employs over 150,000 people. Magna’s products include body, chassis, exterior, seating, powertrain, electronic, vision, and closure systems. The company has a diversified customer base that includes all major automakers. Magna’s main competitors are Knorr-Bremse AG, TI Fluid Systems PLC, and Denso Corp. These companies are also leading suppliers of automotive systems and components. Knorr-Bremse is a German company with over 100 years of experience in the industry. TI Fluid Systems is a UK-based company with a strong presence in Europe and Asia. Denso is a Japanese company that is a leading supplier of automotive components.
– Knorr-Bremse AG ($OTCPK:KNBHF)
Knorr-Bremse AG is a leading manufacturer of braking systems for rail and commercial vehicles. The company has a market cap of 7.3B as of 2022 and a return on equity of 20.39%. Knorr-Bremse AG’s products are used all over the world and the company has a strong presence in Europe, North America, and Asia.
– TI Fluid Systems PLC ($LSE:TIFS)
JTI Fluid Systems PLC is a provider of automotive fluid systems and components. The company has a market cap of 650.34M as of 2022 and a return on equity of 6.17%. JTI Fluid Systems PLC designs, manufactures, and supplies automotive fluid systems and components for original equipment manufacturers and the aftermarket. The company’s products include fuel tanks, fuel pumps, and fuel system components; oil pans and related products; and cooling system products, such as radiators, fan assemblies, and cooling system components. JTI Fluid Systems PLC also offers engineering and technical services. The company was founded in 2004 and is headquartered in Coventry, United Kingdom.
– Denso Corp ($TSE:6902)
Denso Corporation is a Japanese multinational automotive components manufacturer headquartered in Kariya, Aichi Prefecture, Japan. The company produces electrical and electronic products for the automotive industry, and employs approximately 60,000 people in 35 countries.
Denso’s market capitalization is 5.37T as of 2022. The company has a Return on Equity of 5.0%. Denso Corporation is a leading manufacturer of automotive components, producing electrical and electronic products for the automotive industry. The company has a strong presence in 35 countries and employs approximately 60,000 people.
Summary
MAGNA INTERNATIONAL is an attractive dividend stock for those looking for consistent income. For the past 3 years, it has issued an annual dividend per share of 1.78, 1.72 and 1.6 USD, respectively. This represents an average dividend yield of 2.57%, with a dividend yield range of 2.47%-3.24% between 2020 to 2022. The ex-dividend date for MAGNA INTERNATIONAL is February 23 2023.
For investors looking for a reliable dividend income, MAGNA INTERNATIONAL could be a good option as its consistent dividend payments demonstrate its strong fundamentals and ability to generate stable income over time. Moreover, it offers an attractive yield with high dividend payments and it is expected to remain steady in the future. Therefore, investors can expect a steady and reliable source of income through dividend payments from MAGNA INTERNATIONAL.
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