Magna International Dividend
Dividend criteria checks 5/6
Magna International is a dividend paying company with a current yield of 4.37% that is well covered by earnings.
Key information
4.4%
Dividend yield
53%
Payout ratio
Industry average yield | 2.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$1.900 |
Earnings per share | CA$3.53 |
Dividend yield forecast in 3Y | 4.7% |
Recent dividend updates
Recent updates
At CA$57.34, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Jul 01Are Investors Undervaluing Magna International Inc. (TSE:MG) By 49%?
Jun 10Market Cool On Magna International Inc.'s (TSE:MG) Earnings
Apr 05At CA$74.11, Is It Time To Put Magna International Inc. (TSE:MG) On Your Watch List?
Mar 21Magna International (TSE:MG) Seems To Use Debt Quite Sensibly
Mar 06Shareholders Will Be Pleased With The Quality of Magna International's (TSE:MG) Earnings
Feb 16Is Magna International Inc. (TSE:MG) Trading At A 38% Discount?
Jan 23The Price Is Right For Magna International Inc. (TSE:MG)
Dec 19Is Magna International (TSE:MG) A Risky Investment?
Oct 27Is There Now An Opportunity In Magna International Inc. (TSE:MG)?
Sep 03If EPS Growth Is Important To You, Magna International (TSE:MG) Presents An Opportunity
Aug 15Is Magna International (TSE:MG) A Risky Investment?
Jul 15Are Investors Undervaluing Magna International Inc. (TSE:MG) By 42%?
Jun 30When Should You Buy Magna International Inc. (TSE:MG)?
May 10Magna International Inc. (TSE:MG) Shares Could Be 47% Below Their Intrinsic Value Estimate
Mar 28Is Magna International Inc. (TSE:MG) Potentially Undervalued?
Jan 29Does Magna International (TSE:MG) Have A Healthy Balance Sheet?
Jan 02Magna International Inc. (TSE:MG) Shares Could Be 48% Below Their Intrinsic Value Estimate
Dec 04What Is Magna International Inc.'s (TSE:MG) Share Price Doing?
Oct 21We Think Magna International (TSE:MG) Can Stay On Top Of Its Debt
Sep 20At CA$78.72, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Jul 21Is Magna International (TSE:MG) A Risky Investment?
Jun 21At CA$76.59, Is It Time To Put Magna International Inc. (TSE:MG) On Your Watch List?
Apr 17Is Magna International (TSE:MG) Using Too Much Debt?
Mar 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MG's dividends per share have been stable in the past 10 years.
Growing Dividend: MG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Magna International Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (MG) | 4.4% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.3% |
Industry Average (Auto Components) | 2.7% |
Analyst forecast in 3 Years (MG) | 4.7% |
Notable Dividend: MG's dividend (4.37%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: MG's dividend (4.37%) is low compared to the top 25% of dividend payers in the Canadian market (6.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.9%), MG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (85.4%), MG's dividend payments are covered by cash flows.