Magna International Inc Stock Dividends
MGA pays dividends quarterly. Last paid amount was $0.475 at Mar 08, 2024. As of today, dividend yield (TTM) is 3.38%.
Dividend Yield Range
AI Analysis of MGA
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 3.38% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 3.26% |
| Payout Ratio | 0 |
| Amount Per Share | $0.475 |
|
Magna International Inc has not yet announced its next dividend date. Last payment date was: Mar 08, 2024.
|
|
MGA Dividend Payout History
To ensure a understanding of MGA's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.475 | 0.87% |
| 2 | Nov 03, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.460 | 0.83% |
| 3 | Aug 04, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.460 | 0.780% |
| 4 | May 05, 2023 | May 18, 2023 | Jun 02, 2023 | $0.460 | 0.90% |
| 5 | Feb 10, 2023 | Feb 23, 2023 | Mar 10, 2023 | $0.460 | 0.88% |
| 6 | Nov 04, 2022 | Nov 17, 2022 | Dec 02, 2022 | $0.450 | 0.734% |
| 7 | Jul 29, 2022 | Aug 11, 2022 | Aug 26, 2022 | $0.450 | 0.763% |
| 8 | Apr 29, 2022 | May 12, 2022 | May 27, 2022 | $0.450 | 0.704% |
| 9 | Feb 14, 2022 | Feb 24, 2022 | Mar 11, 2022 | $0.450 | 0.775% |
| 10 | Nov 05, 2021 | Nov 18, 2021 | Dec 03, 2021 | $0.430 | 0.558% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
MGA Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MGA dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MGA stock here.
Comparing MGA to Sector and Country
MGA pays a solid dividend yield of 3.38%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.606%). MGA’s dividend yield is lower than the average of the top 25% of dividend payers in the Consumer Cyclical sector in the US market (6.68%), which means that there are more attractive dividend stocks to consider.
MGA Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Magna International Inc | 13.686B | $0.475 | 3.38% | 43.03% |
