Noteworthy Dividend Flows: Dec 9, 2016 is the day Magna International, Inc. (NYSE:MGA) promises dividends of $0.25. Here’s what they have to say.

Noteworthy Dividend Flows: Dec 9, 2016 is the day Magna International, Inc. (NYSE:MGA) promises dividends of $0.25. Here's what they have to say.

Magna International, Inc. (NYSE:MGA) is expected to pay $0.25 on Dec 9, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Magna International, Inc.’s current price of $40.61, the dividend is 0.62%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.45% or $0.18 on November 18, hitting $40.61. Magna International Inc. (USA) (NYSE:MGA) has declined 4.15% since April 19, 2016 and is downtrending. It has underperformed by 8.01% the S&P500.

Magna International Inc. is an automotive supplier. The company has a market cap of $16.06 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 7.95 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

Magna International Inc. (USA) (NYSE:MGA) Ratings Coverage

Out of 10 analysts covering Magna International (NYSE:MGA), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Magna International has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Magna International Inc. (USA) (NYSE:MGA) has “Overweight” rating given on Friday, November 6 by JP Morgan. Citigroup upgraded the stock to “Buy” rating in Monday, January 25 report. The stock of Magna International Inc. (USA) (NYSE:MGA) has “Neutral” rating given on Wednesday, November 9 by Macquarie Research. Morgan Stanley maintained Magna International Inc. (USA) (NYSE:MGA) on Thursday, March 17 with “Overweight” rating. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, June 28 report. RBC Capital Markets maintained it with “Outperform” rating and $64 target price in Friday, November 6 report. The stock has “Buy” rating given by Deutsche Bank on Friday, August 14. The rating was maintained by RBC Capital Markets on Thursday, January 14 with “Outperform”. The rating was downgraded by Zacks to “Hold” on Thursday, August 6. The firm has “Underperform” rating given on Wednesday, November 9 by Bank of America.

More notable recent Magna International Inc. (USA) (NYSE:MGA) news were published by: Fool.ca which released: “Investors: 3 Huge Reasons to Get Excited About Magna International Inc.” on April 21, 2016, also Fool.ca with their article: “Magna International Inc. Posts Better-Than-Expected Results” published on August 06, 2016, Fool.ca published: “Why Magna International Inc. and Pembina Pipeline Corp. Are up Over 2% Today” on August 05, 2016. More interesting news about Magna International Inc. (USA) (NYSE:MGA) were released by: Fool.ca and their article: “Magna International Inc.: A Company That Loves $30 Oil” published on January 13, 2016 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: June 16, 2009.

MGA Company Profile

Magna International Inc. (Magna), incorporated on November 16, 1961, is an automotive supplier. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Firm has over 290 manufacturing activities and over 80 product development, engineering and sales centers in approximately 30 countries.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment