Magna International: Dividend Insights
Portfolio Pulse from Benzinga Insights
Magna International (NYSE:MGA) announced a quarterly dividend of 47.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MGA by the end of Wednesday are eligible for the payout on March 08, 2024. The stock is expected to open 47.5 cents lower on the ex-dividend date.
February 19, 2024 | 2:45 pm
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Magna International announces a quarterly dividend of 47.5 cents per share, affecting stock opening price on the ex-dividend date.
The announcement of a 47.5 cents per share dividend by Magna International directly impacts its stock as it is expected to open lower by the dividend amount on the ex-dividend date. This is a common occurrence as the stock price adjusts to reflect the dividend payout, making it a significant event for investors holding or considering MGA stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100