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. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
Magna International Dividend Announcement
• Magna International announced a quarterly dividend of $0.48 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-15
• Magna International annual dividend for 2024 was $1.90
• Magna International annual dividend for 2023 was $1.84
• Magna International's trailing twelve-month (TTM) dividend yield is 4.47%
• Magna International's payout ratio for the trailing twelve months (TTM) is 50.17%
• Magna International's dividend growth over the last five years (2018-2023) was 6.87% year
• Magna International's dividend growth over the last ten years (2013-2023) was 3.70% year
Magna International Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-15 | $0.48 | quarterly | 2024-11-29 |
| 2024-08-16 | $0.47 | quarterly | 2024-08-30 |
| 2024-05-16 | $0.47 | quarterly | |
| 2024-02-22 | $0.47 | quarterly | 2024-03-08 |
| 2023-11-16 | $0.46 | quarterly | 2023-12-01 |
| 2023-08-17 | $0.46 | quarterly | 2023-09-01 |
| 2023-05-18 | $0.46 | quarterly | 2023-06-02 |
| 2023-02-23 | $0.46 | quarterly | 2023-03-10 |
| 2022-11-17 | $0.45 | quarterly | 2022-12-02 |
| 2022-08-11 | $0.45 | quarterly | 2022-08-26 |
| 2022-05-12 | $0.45 | quarterly | 2022-05-27 |
| 2022-02-24 | $0.35 | quarterly | 2022-03-11 |
| 2021-11-18 | $0.43 | quarterly | 2021-12-03 |
| 2021-08-19 | $0.43 | quarterly | 2021-09-03 |
| 2021-05-20 | $0.43 | quarterly | 2021-06-04 |
| 2021-03-04 | $0.43 | quarterly | 2021-03-19 |
| 2020-11-19 | $0.40 | quarterly | 2020-12-04 |
| 2020-08-20 | $0.40 | quarterly | 2020-09-04 |
| 2020-05-21 | $0.40 | quarterly | 2020-06-05 |
| 2020-03-05 | $0.40 | quarterly | 2020-03-20 |
| 2019-11-21 | $0.36 | quarterly | 2019-12-06 |
| 2019-08-22 | $0.36 | quarterly | 2019-09-06 |
| 2019-05-23 | $0.36 | quarterly | 2019-06-07 |
| 2019-03-07 | $0.36 | quarterly | 2019-03-22 |
| 2018-11-23 | $0.33 | quarterly | 2018-12-07 |
| 2018-08-30 | $0.33 | quarterly | 2018-09-14 |
| 2018-05-24 | $0.33 | quarterly | 2018-06-08 |
| 2018-03-08 | $0.33 | quarterly | 2018-03-23 |
| 2017-11-22 | $0.28 | quarterly | 2017-12-08 |
| 2017-08-30 | $0.28 | quarterly | 2017-09-15 |
| 2017-05-24 | $0.28 | quarterly | 2017-06-09 |
| 2017-03-08 | $0.28 | quarterly | 2017-03-24 |
| 2016-11-23 | $0.25 | quarterly | 2016-12-09 |
| 2016-08-24 | $0.25 | quarterly | 2016-09-09 |
| 2016-05-25 | $0.25 | quarterly | 2016-06-10 |
| 2016-03-09 | $0.25 | quarterly | 2016-03-24 |
| 2015-11-25 | $0.22 | quarterly | 2015-12-11 |
| 2015-08-26 | $0.22 | quarterly | 2015-09-11 |
| 2015-05-27 | $0.22 | quarterly | 2015-06-12 |
| 2015-03-11 | $0.44 | quarterly | 2015-03-27 |
| 2014-11-26 | $0.38 | quarterly | 2014-12-12 |
| 2014-08-27 | $0.38 | quarterly | 2014-09-12 |
| 2014-05-28 | $0.38 | quarterly | 2014-06-13 |
| 2014-03-12 | $0.38 | quarterly | 2014-03-28 |
| 2013-11-26 | $0.32 | quarterly | 2013-12-13 |
| 2013-08-28 | $0.32 | quarterly | 2013-09-16 |
| 2013-05-29 | $0.32 | quarterly | 2013-06-17 |
| 2013-03-11 | $0.32 | quarterly | 2013-03-27 |
Magna International Dividend per year
Magna International Dividend growth
Magna International Dividend Yield
Magna International current trailing twelve-month (TTM) dividend yield is 4.47%. Interested in purchasing Magna International stock? Use our calculator to estimate your expected dividend yield:
Magna International Financial Ratios
P/E ratio11.20
PEG ratio0.69
P/B ratio0.99
ROE9.16%
Payout ratio50.17%
Current ratio1.14
Quick ratio0.77
Cash Ratio0.08
Magna International Dividend FAQ
How much is the next Magna International dividend?
Magna International's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Magna International dividend. The next Magna International dividend will be released in February, May, August, or November.
When is Magna International dividend paid?
Magna International pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Magna International pay?
The specific amount of Magna International dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Magna International's dividend history.
Does Magna International stock pay dividends?
Yes, Magna International does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Magna International's dividend history.
How much dividend does Magna International pay?
Magna International paid $1.905 in 2024, $1.84 in 2023, $1.704 in 2022, $1.72 in 2021, and $1.6 in 2020.
How often does Magna International pay dividends?
Magna International typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Magna International's dividend yield?
The current dividend yield for Magna International is 4.47%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Magna International's exact dividend yield.
When does Magna International go ex dividend?
Magna International's ex-dividend date for the latest dividend was on 2024-11-15. Magna International typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Magna International dividend paid?
Magna International pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Magna International increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Magna International will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Magna International dividend per share?
Magna International paid $1.905 per share in 2024 and $1.84 per share in 2023. The amount of dividend per share that Magna International pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Magna International a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Magna International a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Magna International a dividend stock?
Yes, Magna International is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Magna International a good dividend stock?
Whether Magna International is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Magna International has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Magna International as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Magna International as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Magna International pay dividends monthly?
Magna International typically pays dividends on a quarterly basis.
Does Magna International pay dividends quarterly?
Magna International currently pays dividends on a quarterly basis.
Has Magna International ever paid a dividend?
Yes, Magna International has a history of paying dividends to its shareholders. Magna International is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Magna International dividend stocks?
To buy Magna International you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Magna International stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Magna International stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Magna International pay dividends 2024?
Magna International pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Magna International increase its dividend in 2024?
Decisions regarding Magna International dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Magna International dividend overview you can look into the above table of dividend history.
How Magna International dividend works?
The Magna International dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Magna International's dividend process works:
1. Determination of Dividend: Magna International's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Magna International publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Magna International distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Magna International are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Magna International's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Magna International publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Magna International distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Magna International are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Magna International dividends paid?
Magna International dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Magna International sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Magna International distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Magna International declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Magna International sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Magna International distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Magna International declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Magna International pay dividends?
Magna International typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Magna International pay dividends?
The general pattern is that Magna International pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Magna International dividend safe?
The safety of Magna International's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Magna International's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Magna International's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Magna International's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Magna International's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.