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 $0.47 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 4.09%
• Magna International's payout ratio for the trailing twelve months (TTM) is 50.35%
• 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 | $0.47 | quarterly | 2024-11-29 |
2024-08-16 | $0.47 | quarterly | 2024-08-30 |
2024-05-16 | $0.47 | quarterly | 2024-05-31 |
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 |
2016-09-07 | $0.25 | quarterly | |
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 4.09%. Interested in purchasing Magna International stock? Use our calculator to estimate your expected dividend yield:
Magna International Financial Ratios
Magna International Dividend FAQ
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.
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.
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. 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.
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.