Magna International, Inc. ( MGA ) will begin trading ex-dividend on August 27, 2014. A cash dividend payment of $0.38 per share is scheduled to be paid on September 12, 2014. 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 $113.93, the dividend yield is 1.33%.
The previous trading day's last sale of MGA was $113.93, representing a -0.41% decrease from the 52 week high of $114.40 and a 51% increase over the 52 week low of $75.45.
MGA is a part of the Capital Goods sector, which includes companies such as Honeywell International Inc. ( HON ) and Delphi Automotive plc ( DLPH ). MGA's current earnings per share, an indicator of a company's profitability, is $7.5. Zacks Investment Research reports MGA's forecasted earnings growth in 2014 as 19.63%, compared to an industry average of 10.5%.
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