Magna International Dividend
Dividend criteria checks 5/6
Magna International is a dividend paying company with a current yield of 3.98% that is well covered by earnings.
Key information
4.0%
Dividend yield
44%
Payout ratio
Industry average yield | 2.1% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | Mex$4.22 |
Dividend yield forecast in 3Y | 4.6% |
Recent dividend 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 |
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Segment | Dividend Yield |
---|---|
Company (MGA N) | 4.0% |
Market Bottom 25% (MX) | 2.2% |
Market Top 25% (MX) | 6.6% |
Industry Average (Auto Components) | 2.1% |
Analyst forecast in 3 Years (MGA N) | 4.6% |
Notable Dividend: MGA N's dividend (3.98%) is higher than the bottom 25% of dividend payers in the MX market (2.17%).
High Dividend: MGA N's dividend (3.98%) is low compared to the top 25% of dividend payers in the MX market (6.56%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.8%), MGA N's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (84.1%), MGA N's dividend payments are covered by cash flows.