- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
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.