Magna International Dividends and Buybacks
Dividend criteria checks 5/6
Magna International is a dividend paying company with a current yield of 4.21% that is well covered by earnings. Next payment date is on 29th November, 2024 with an ex-dividend date of 15th November, 2024.
Key information
4.2%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 4.0% |
| Future Dividend Yield | 4.5% |
| Dividend Growth | 7.6% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | CA$2.648 |
| Payout ratio | 51% |
Recent dividend and buyback updates
Recent updates
We Think Magna International (TSE:MG) Is Taking Some Risk With Its Debt
Oct 12
A Piece Of The Puzzle Missing From Magna International Inc.'s (TSE:MG) Share Price
Sep 15Magna International Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 05At 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 21Stability 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) | 4.2% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Auto Components) | 2.7% |
| Analyst forecast (MG) (up to 3 years) | 4.5% |
Notable Dividend: MG's dividend (4.21%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: MG's dividend (4.21%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.6%), MG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.4%), MG's dividend payments are covered by cash flows.