Magna International Dividends and Buybacks
Dividend criteria checks 5/6
Magna International is a dividend paying company with a current yield of 4.3% 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
4.3%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 4.1% |
| Future Dividend Yield | 4.6% |
| Dividend Growth | 7.6% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | Mex$1.900 |
| Payout ratio | 51% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MGA N's dividends per share have been stable in the past 10 years.
Growing Dividend: MGA N's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Magna International Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MGA N) | 4.3% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.0% |
| Industry Average (Auto Components) | 2.4% |
| Analyst forecast (MGA N) (up to 3 years) | 4.6% |
Notable Dividend: MGA N's dividend (4.3%) is higher than the bottom 25% of dividend payers in the MX market (2.58%).
High Dividend: MGA N's dividend (4.3%) is low compared to the top 25% of dividend payers in the MX market (7.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.6%), MGA N's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.4%), MGA N's dividend payments are covered by cash flows.