Insider Selling: Magna International Inc. (TSE:MG) Insider Sells 70,000 Shares of Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Vincent Joseph Galifi sold 70,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$68.02, for a total value of C$4,761,400.00.

Vincent Joseph Galifi also recently made the following trade(s):

  • On Thursday, November 30th, Vincent Joseph Galifi sold 44,890 shares of Magna International stock. The stock was sold at an average price of C$71.99, for a total value of C$3,231,631.10.

Shares of Magna International Inc. (TSE MG) traded down C$0.11 during midday trading on Tuesday, reaching C$70.32. 901,500 shares of the company were exchanged, compared to its average volume of 918,985. Magna International Inc. has a 52 week low of C$52.63 and a 52 week high of C$72.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.354 per share. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Magna International’s previous quarterly dividend of $0.28. This represents a $1.42 dividend on an annualized basis and a yield of 2.01%. Magna International’s payout ratio is currently 15.14%.

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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.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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