Magna International Dividend yield

Magna International is part of Automobiles and Parts business, which is part of Consumer Goods industry. Magna International is a company from Canada, and his stocks are publicly traded.

Magna International stock dividend

Magna International paid a total dividend of 712 million CAD last year, for a market value of 22,731 millions (Market Cap 21,138 millions). Magna International dividend per share is 2.49 CAD, and his stock market price 79.48 CAD.

According to the chart below, where dividend yield is displayed, Magna International has a dividend yield of 3.13%, which is lower than the amount offered by the market average , but bigger than Consumer Goods industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.

In addition, you should compare Magna International stocks dividend with other Automobiles and Parts companies or other of the high Canada dividend stocks list.

Magna International Dividend Payout

About the ability of Magna International to maintain his current dividend of CAD 2.49 per share, an amount that accounts for 3.13%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Magna International payout on ernings is currently 78.30%, which is higher than the market average, and companies of Consumer Goods industry, which are 39.34% and 40.18% respectively. Both figures show that Magna International can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Magna International is CAD 9.58 per share, which is higher than the dividend per share paid by the company of CAD 2.49, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Magna International, compared againt world market average, Canada companies, Consumer Goods industry and Automobiles and Parts sector companies.

Magna International Dividend History

Below you will find a table with the historical evolution of Magna International's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	3.13%	2.49	78.30%	286
2022	3.21%	2.44	34.32%	286
2021	2.12%	2.17	58.02%	301
2020	2.26%	2.04	26.02%	299
2019	2.66%	1.89	19.65%	310
2018	2.91%	1.80	22.09%	347
2017	1.93%	1.37	18.46%	361
2016	2.48%	1.35	20.39%	390
2015	1.93%	1.17	23.12%	410

*In millions

Then you can see the evolution of Magna International dividend stock, and compare it with the average of Canada stocks and that of the Automobiles and Parts stocks.

Magna International Stock performance

Finally, last moth Magna International showed a return of -6.30% compared to a worldwide -2.49% average, and a -1.86% of Consumer Goods firms. Over the last year, the company obtained a 4.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Automobiles and Parts firms.