Magna International, Inc. (MGA) Ex-Dividend Date Scheduled for August 28, 2013

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Magna International, Inc. ( MGA ) will begin trading ex-dividend on August 28, 2013. A cash dividend payment of $0.32 per share is scheduled to be paid on September 16, 2013. Shareholders who purchased MGA stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that MGA has paid the same dividend. At the current stock price of $80.54, the dividend yield is 1.59%.

The previous trading day's last sale of MGA was $80.54, representing a -2.47% decrease from the 52 week high of $82.58 and a 90.26% increase over the 52 week low of $42.33.

MGA is a part of the Capital Goods sector, which includes companies such as Honeywell International Inc. ( HON ) and Ingersoll-Rand plc (Ireland) ( IR ). MGA's current earnings per share, an indicator of a company's profitability, is $6.5. Zacks Investment Research reports MGA's forecasted earnings growth in 2013 as 6.1%, compared to an industry average of 8.2%.


For more information on the declaration, record and payment dates, visit the MGA Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Interested in gaining exposure to MGA through an Exchange Traded Fund [ETF]?
The following ETF(s) have MGA as a top-10 holding:

  • First Trust Value Line Equity Allocation Index(sm)Fund ( FVI )
  • Guggenheim Defensive Equity ETF ( DEF ).

The top-performing ETF of this group is FVI with an increase of 21.23% over the last 100 days. It also has the highest percent weighting of MGA at 1.6%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: News Headlines , Stocks

Referenced Stocks: DEF , FVI , HON , IR , MGA

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