Magna International Inc. (MG) Hits New 1-Year High at $68.05

Magna International Inc. (TSE:MG) (NYSE:MGA) reached a new 52-week high during trading on Tuesday . The company traded as high as C$68.05 and last traded at C$67.26, with a volume of 434,484 shares changing hands. The stock had previously closed at C$67.29.

The firm has a market capitalization of $24.97 billion and a P/E ratio of 12.20. The company’s 50 day moving average price is $61.89 and its 200-day moving average price is $59.57.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.275 dividend. This is a positive change from Magna International’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.10 annualized dividend and a dividend yield of 1.63%.

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About Magna International

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.

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