Magna International, Inc. (NYSE:MGA) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.40 per share is scheduled to be paid on December 4, 2020. The dividend yield based on the latest trading day closing price was 2.69 percent. Shareholders who purchased MGA shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Magna International, Inc. recently reported third quarter financial results on November 6, 2020, before market open, the Aurora based company disclosed income for the third quarter of $ 1.95 per share, from the revenue of $ 9,129.00 million. The quarterly earnings developed 38.30 percent while revenues lowered 2.04 percent compared with the same quarter last year.
According to street consensus, MGA was expected to report 3Q20 income of $ 1.35 per share from revenue of $ 9075.92 million. The bottom line results beat street analysts by $ 0.6 or 44.44 percent, at the same time, top line results outshined analysts by $ 53.08 million or 0.58 percent.
Stock Performance
On Friday, shares of Magna International, Inc. has traded high as $ 59.91 and has cracked $ 58.33 on the downward trend, reaching $ 59.57 with volume of 652.40 thousand shares.
According to the previous trading day, closing price of $ 59.57, representing a 155.82 % increase from the 52 week low of $ 22.75 and a 5.04 % decrease over the 52 week high of $ 61.29.
The company has a market capital of $ 17.83 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia Pacific, and internationally. The Body Exteriors & Structures segment provides body structures; chassis structures, such as frame and structural assemblies, chassis subframes, and suspension systems; exterior systems and modules, including hoods, roofs, door panels, front end modules, liftgate modules, polycarbonate roof panels, liftgate sensor integration systems, and fascia; trim and automotive jewelry comprises engineered glass, trim and roof racks, and running boards; non-visible and visible active grille shutters, active air deflectors, and underbody panels; and fuel systems, pipes and components, and alternative energy storage systems.
