Magna International stock dividend – Magna International Inc Declares 0.46 Cash Dividend

🌥️Dividends Yield

Magna International ($TSX:MG) Inc, one of the world’s largest global automotive suppliers, recently declared a 0.46 cash dividend on May 26 2023. This is a great opportunity for the investor looking for high-quality dividend returns. The company’s dividend per share has been 1.81, 1.8 and 1.72 US Dollars over the last three financial years, yielding 3.09% in 2021 and 2.0% in 2023. This averages out to a dividend yield of 2.61%.

The ex-dividend date for the dividend is May 18 2023 – so if you’re looking to invest in MAGNA INTERNATIONAL stocks for the dividend return, now is the perfect time. MAGNA INTERNATIONAL is one of the few automotive suppliers that have consistently delivered profits and dividend growth over the past few years, making it an attractive investment option for investors looking for both short-term and long-term returns.

Stock Price

On Friday, MAGNA INTERNATIONAL Inc. declared a 0.46 cash dividend, with the stock opening at CA$69.8 and closing at CA$70.2, up by 1.6% from its previous closing price of 69.1. Investors have responded positively to this news, with the stock being up by 1.6% from last closing price. This is a sign of the confidence that investors have in the company’s future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Magna International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Magna International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Magna International. More…

Key Ratios Snapshot

Some of the financial key ratios for Magna International are shown below. More…

Analysis

GoodWhale has conducted an analysis of MAGNA INTERNATIONAL‘s fundamentals and based on our Star Chart, the company has a high health score of 9/10 considering its cashflows and debt, making it capable to sustain future operations in times of crisis. We have also classified MAGNA INTERNATIONAL as a ‘cow’, meaning it has the track record of paying out consistent and sustainable dividends. Fundamentally, MAGNA INTERNATIONAL is strong in dividend, medium in asset, profitability, and weak in growth. Given its reliable dividends and high health score, MAGNA INTERNATIONAL may be of interest to investors looking for a stable, long-term investment. Value investors may also be interested in MAGNA INTERNATIONAL for its strong dividend yield and potential for appreciation over the long run. Furthermore, income investors may find MAGNA INTERNATIONAL attractive as a source of consistent dividend income. 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

Investors looking for attractive dividend returns may want to consider MAGNA INTERNATIONAL. The company has consistently issued dividend payments per share over the last three years, with yields ranging from 3.09% in 2021 to 2.0% in 2023, with an average yield of 2.61%. This provides investors with a steady income stream and has made MAGNA INTERNATIONAL an attractive option for long-term investors.