NEW YORK (

TheStreet

) -- The ex-dividend date for

Magna International

(NYSE:

MGA

) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $41.70 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Magna International has been 1.1 million shares per day over the past 30 days. Magna International has a market cap of $9.82 billion and is part of the

consumer goods

sector and

automotive

industry. Shares are up 25.4% year to date as of the close of trading on Thursday.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Magna International as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Magna International Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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