Magna International, Inc. (NYSE:MGA) Updates On Dividend Release Date


On 2016-08-05, Magna International, Inc. (NYSE:MGA) confirmed the dividend disbursement of $0.25 a share to shareholders as on record 2016-08-26. The firm will release dividend on 2016-09-09 while ex-dividend date is reported to be 2016-08-24.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Magna International, Inc. (NYSE:MGA) paid a total of $0.25 per share in dividends. This figure stood at $0.25 a share in the same period a year ago indicating a deviation of 44.7368%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $56.083 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $63 and $47, respectively.

Taking the mathematical rating formula, the price for Magna International, Inc. (NYSE:MGA) stands at 1.64. Earnings Review Magna International, Inc. (NYSE:MGA) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $1.19.

Coming to the quarter ending on 2015-12-31, Magna International, Inc. (NYSE:MGA) recorded EPS of $1.41. The reported numbers came lower than the analysts’ estimates of $1.34, demonstrating a miss of $0.07 as against reported figures.

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