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Magna International (MG) Dividend Yield, Date & History

Magna International logo
C$62.69 -0.39 (-0.62%)
(As of 11:45 AM ET)

Magna International Dividend Summary

Dividend Yield
4.08%
Annual Dividend
C$2.56
Recent
Dividend Payment
Nov. 29
Dividend Payout Ratio
54.01%

Magna International (MG) pays an annual dividend of C$2.56 per share, with a dividend yield of 4.08%. The next payment of C$0.48 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 54.01% of its earnings and 83.87% of its cash flow as dividends.

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MG 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.

MG 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 Cyclical and TSE companies to evaluate its performance against the market.

TypeMagna InternationalCyclical CompaniesTSE Companies
Annual DividendC$2.56C$0.16C$0.97
Dividend Yield4.08%4.33%6.96%

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 Earnings54.01%
Based on This Year's Estimate28.78%
Based on Cashflow83.87%

Magna International Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/15/2024Quarterly$0.4750-$0.1750
26.92%
3.46%11/15/202411/29/202411/29/2024
8/2/2024Quarterly$0.65+$0.0080
1.25%
4.64%8/16/20248/16/20248/30/2024
5/3/2024Quarterly$0.6420+$0.0040
0.63%
4.02%5/16/20245/17/20245/31/2024
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2/9/2024Quarterly$0.6380+$0.1780
38.70%
3.47%2/22/20242/23/20243/8/2024
11/3/2023Quarterly$0.46 - 2.52%11/16/202311/17/202312/1/2023
8/4/2023Quarterly$0.46-$0.1630
26.16%
2.26%8/17/20238/18/20239/1/2023
5/5/2023Quarterly$0.6230+$0.0110
1.80%
3.45%5/18/20235/19/20236/2/2023
2/10/2023Quarterly$0.6120-$0.0010
0.16%
3.28%2/23/20232/24/20233/10/2023

This table shows Magna International's dividend 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 4.08%. Learn more on MG's dividend yield history.

The annual dividend for MG shares is C$2.56. Learn more on MG's annual dividend history.

Magna International pays quarterly dividends to shareholders.

Magna International's most recent quarterly dividend payment of C$0.48 per share was made to shareholders on Friday, November 29, 2024.

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

The most recent change in the company's dividend was a decrease of C$0.18 on Friday, November 15, 2024.

The dividend payout ratio for MG is:
  • 54.01% based on the trailing year of earnings
  • 28.78% based on this year's estimates
  • 83.87% based on cash flow

Magna International's dividend yield of 4.39% is higher than the average Consumer Cyclical company that issues a dividend. Magna International's dividend payout ratio of 54.01% 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 (TSE:MG) was last updated on 12/16/2024 by MarketBeat.com Staff
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