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Magna International (MGA) Dividend Yield, Date & History

Magna International logo
$42.22 +0.94 (+2.28%)
(As of 12/20/2024 05:31 PM ET)

Magna International Dividend Summary

Dividend Yield
4.50%
Annual Dividend
$1.90
Recent
Dividend Payment
Nov. 29
Annualized 3-Year
Dividend Growth
4.77%
Dividend Payout Ratio
50.80%

Magna International (MGA) pays an annual dividend of $1.90 per share, with a dividend yield of 4.50%. The next quarterly payment of $0.4750 per share was paid on Friday, November 29, to investors who owned the stock before the ex-dividend date of Friday, November 15. The company currently pays out 50.80% of its earnings and 18.36% of its cash flow as dividends.

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MGA Dividend Payments by Quarter

The chart below displays up to four years of Magna International's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MGA Dividend Yield Over Time

The chart below tracks Magna International's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Magna International vs. The Competition

Compare Magna International's annual dividend, yield, and 3-year growth rate with averages for Auto and NYSE companies to evaluate its performance against the market.

TypeMagna InternationalAuto CompaniesNYSE Companies
Annual Dividend$1.90$0.01$1.39
Dividend Yield4.50%3.10%3.59%
Annualized 3-Year Dividend Growth4.77%16.49%15.78%

Magna International Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings50.80%
Based on This Year's Estimate36.40%
Based on Next Year's Estimate31.30%
Based on Cashflow18.36%

Magna International Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/1/2024Quarterly$0.4750 - 4.53%11/15/202411/15/202411/29/2024
8/2/2024Quarterly$0.4750 - 4.7%8/16/20248/16/20248/30/2024
5/3/2024Quarterly$0.4750 - 4.07%5/16/20245/17/20245/31/2024
2/9/2024Quarterly$0.4750+$0.0150
3.26%
3.47%2/22/20242/23/20243/8/2024
11/3/2023Quarterly$0.46 - 3.44%11/16/202311/17/202312/1/2023
8/4/2023Quarterly$0.46 - 3.02%8/17/20238/18/20239/1/2023
5/5/2023Quarterly$0.46 - 3.41%5/18/20235/19/20236/2/2023
2/10/2023quarterly$0.46+$0.01
2.22%
3.3%2/23/20232/24/20233/10/2023

This table shows Magna International's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Magna International Dividend - Frequently Asked Questions

The current dividend yield for Magna International is 4.50%. Learn more on MGA's dividend yield history.

The annual dividend for MGA shares is $1.90. Learn more on MGA's annual dividend history.

Magna International pays quarterly dividends to shareholders.

Magna International's most recent quarterly dividend payment of $0.4750 per share was made to shareholders on Friday, November 29, 2024.

Magna International's most recent ex-dividend date was Friday, November 15, 2024.

Over the past three years, the company's dividend has grown by an average of 4.77% per year.

The most recent change in the company's dividend was an increase of $0.0150 on Friday, February 9, 2024.

The dividend payout ratio for MGA is:
  • 50.80% based on the trailing year of earnings
  • 36.40% based on this year's estimates
  • 31.30% based on next year's estimates
  • 18.36% based on cash flow

Magna International's dividend yield of 4.53% is higher than the average Auto/Tires/Trucks company that issues a dividend. Magna International's dividend payout ratio of 50.80% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Magna International stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:MGA) was last updated on 12/21/2024 by MarketBeat.com Staff
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