NEW YORK (
) -- The ex-dividend date for
) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $35.44 as of 9:30 a.m. ET, the dividend yield is 2.7%.
The average volume for Magna International has been 1.4 million shares per day over the past 30 days. Magna International has a market cap of $8.8 billion and is part of the
industry. Shares are down 30.9% year to date as of the close of trading on Thursday.
Magna International Inc. operates as an automotive supplier in North America, Europe, and internationally. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Magna International as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full