Magna International (MG) Dividend Yield, Date & History

C$56.23

+0.20 (+0.36%)

(As of 09/18/2024 ET)

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Dividend Yield: 4.55%
Annual Dividend: C$2.56
Dividend Payout Ratio: 54.94%
Recent Dividend Payment: Aug. 30

MG Dividend Payments

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MG Dividend Yield Over Time

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Magna International vs. The Competition

Type	Magna International	Cyclical Companies	TSE Companies
Annual Dividend	C$2.56	C$16.37	C$1.07
Dividend Yield	4.55%	412.56%	568.10%

Magna International Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	54.94%
Based on This Year's Estimates	29.11%
Based on Cashflow	93.51%

Magna International Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/2/2024	Quarterly	$0.65	4.64%	8/16/2024	8/16/2024	8/30/2024
5/3/2024	Quarterly	$0.6420	4.02%	5/16/2024	5/17/2024	5/31/2024
2/9/2024	Quarterly	$0.6380	3.47%	2/22/2024	2/23/2024	3/8/2024
11/3/2023	Quarterly	$0.46	2.52%	11/16/2023	11/17/2023	12/1/2023
8/4/2023	Quarterly	$0.46	2.26%	8/17/2023	8/18/2023	9/1/2023
5/5/2023	Quarterly	$0.6230	3.45%	5/18/2023	5/19/2023	6/2/2023
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2/10/2023	Quarterly	$0.6120	3.28%	2/23/2023	2/24/2023	3/10/2023
11/4/2022	Quarterly	$0.6130	3.21%	11/17/2022	11/18/2022	12/2/2022
8/11/2022	Quarterly	$0.45	2.2%	8/11/2022	8/26/2022	8/26/2022
5/12/2022	Quarterly	$0.45	2.32%	5/12/2022	5/27/2022	5/27/2022
2/24/2022	Quarterly	$0.45	1.88%	2/24/2022	3/11/2022	3/11/2022
11/5/2021	Quarterly	$0.43	1.66%	11/18/2021	11/19/2021	12/3/2021
8/6/2021	Quarterly	$0.5380	2.05%	8/19/2021	8/20/2021	9/3/2021
5/6/2021	Quarterly	$0.5280	1.81%	5/20/2021	5/21/2021	6/4/2021
2/19/2021	Quarterly	$0.5490	2%	3/4/2021	3/5/2021	3/19/2021
11/19/2020	Quarterly	$0.40	2.13%	11/19/2020	12/4/2020	12/4/2020
8/7/2020	Quarterly	$0.5360	3.17%	8/20/2020	8/21/2020	9/4/2020
5/21/2020	Quarterly	$0.40	3.09%	5/21/2020	6/5/2020	6/5/2020
2/21/2020	Quarterly	$0.9290	5.63%	3/5/2020	3/6/2020	3/20/2020
11/8/2019	Quarterly	$0.4810	2.62%	11/21/2019	11/22/2019	12/6/2019
8/8/2019	Quarterly	$0.4820	2.93%	8/22/2019	8/23/2019	9/6/2019
5/8/2019	Quarterly	$0.4890	3.08%	5/23/2019	5/24/2019	6/7/2019
2/21/2019	Quarterly	$0.4790	2.72%	3/7/2019	3/8/2019	3/22/2019
11/20/2018	Quarterly	$0.33	1.93%	11/20/2018	12/7/2018	12/7/2018
8/7/2018	Quarterly	$0.4290	2.43%	8/30/2018	8/31/2018	9/14/2018
5/9/2018	Quarterly	$0.33	1.65%	5/24/2018	5/25/2018	6/8/2018
2/21/2018	Quarterly	$0.4060	1.87%	3/8/2018	3/9/2018	3/23/2018
11/9/2017	Quarterly	$0.3540	1.64%	11/22/2017	11/24/2017	12/8/2017
8/11/2017	Quarterly	$0.2750	1.89%	8/30/2017	9/1/2017	9/15/2017
11/3/2016	quarterly	$0.25	1.9%	11/22/2016	11/25/2016	12/9/2016
5/5/2016	quarterly	$0.25	1.92%	5/25/2016	5/27/2016	6/10/2016
5/27/2015	Quarterly	$0.22	1.24%	5/27/2015	6/12/2015	6/12/2015
3/11/2015	Quarterly	$0.22	0.65%	3/11/2015	3/27/2015	3/27/2015
3/9/2015	Quarterly	$0.44	1.29%	3/9/2015	3/25/2015	3/25/2015
11/25/2014	Quarterly	$0.38	1.3%	11/25/2014	12/12/2014	12/12/2014
3/12/2014	Quarterly	$0.38	1.47%	3/12/2014	3/28/2014	3/28/2014

(Data available from 1/1/2013 forward)

Magna International Dividend - Frequently Asked Questions

What is Magna International's dividend yield?: The current dividend yield for Magna International is 4.55%. Learn more on MG's dividend yield history.
How much is Magna International's annual dividend?: The annual dividend for MG shares is C$2.56. Learn more on MG's annual dividend history.
How often does Magna International pay dividends?: Magna International pays quarterly dividends to shareholders.
When was Magna International's most recent dividend payment?: Magna International's most recent quarterly dividend payment of C$0.65 per share was made to shareholders on Friday, August 30, 2024.
When was Magna International's most recent ex-dividend date?: Magna International's most recent ex-dividend date was Friday, August 16, 2024.
When did Magna International last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of C$0.01 on Friday, August 2, 2024.
What is Magna International's dividend payout ratio?: The dividend payout ratio for MG is:
54.94% based on the trailing year of earnings

29.11% based on this year's estimates

93.51% based on cash flow
Is Magna International a good dividend stock?: Magna International's dividend yield of 4.87% is higher than the average Consumer Cyclical company that issues a dividend. Magna International's dividend payout ratio of 54.94% is at a healthy, sustainable level, below 75% of its earnings.