Dividends on Magna International (MG) stocks are a part of the profit that shareholders receive from the company. In order to pay dividends to shareholders and investors, the company must receive a net profit, for further distriburing among shareholders or have free cash flow.

Besides, in order to pay you dividends, it is necessary that the Board of Directors recommends dividends and the closing date of the register. Then at the shareholders' meeting the amount of Magna International dividends and the date is approved by shareholders.

For receiving Magna International’s dividends it’s necessary to buy the stocks of the company (MG) no more than 2 days before the closing of the register on 02.12.2022, since stock exchange trading takes place in the T+2 mode. Thus, the last date when you need to buy stocks to receive Magna International dividends will be 30.11.2022

For dividends you can track the date of the last day for purchasing Magna International stocks (MG) in Dividend Calendar.

To receive Magna International (MG) dividends, you must own stocks on the date of preparing the list of persons entitled to receive dividend or the so-called register date.

The register is a list of Magna International shareholders (MG) with information on the number of stocks owned by the investor. Due to the fact that someone is constantly buying and selling company’s stocks on the stock exchange, it is necessary to fix the date of the register.

The closing date of the register for Magna International (MG) dividends was set for 02.12.2022.

Due to the T+2 trading mode, for receiving Magna International’s dividends you must buy the stocks within at least two working days before the date, so that the last day to buy Magna International stocks is to be 30.11.2022.

See the event caledar and the dividend calendar, as well as upcoming Magna International events in order not to miss the dividends.

As a rule, investors receive dividends to a brokerage or bank account within the next 25 working days after the record date – 02.12.2022 at latest! Thus, Magna International’s dividends should arrive no later than 0.61sDate.

Remember that after the cut-off date, Magna International’s stocks usually decrease by the amount of the dividend paid per share. When the company is doing well and the market is positive, Magna International’s dividend gap may be less than the dividend.

By the law, Magna International is obliged to pay within the next 25 working days from the date of the 02.12.2022. Thus, the deadline for dividend payment on Magna International stocks can be considered as 0.61sDate, but the company usually pays earlier than 25 working days.

For receiving Magna International’s dividends, it is enough to buy or to own 1 share. If you buy 100 Magna International’s stocks, you will receive dividends in the amount of 61 $ for it. Last time, the board of directors recommended to pay 0.61 $ per share.

According to the last recommendations of Magna International’s board of directors, you will receive 0.61 $ as dividend payment.

The history of Magna International’s dividend payment is reflected in the Magna International’s card in the tab Dividends.

The dividend yield of Magna International’s stocks is the ratio of the dividend amount per share to the current market price, and is expressed as a percentage. Thus, the recommended dividend is 0.61 $, that means that your current dividend yield on Magna International’s stocks is 0.74%.

It is important to remember that a high dividend yield is not a reason to buy Magna International stocks! Therefore, before making an investment decision, we recommend to analyze the dynamics of financial indicators and Magna International’s multipliers. You should also compare rivals, as you may find a much more profitable investment idea.

Lately Magna International has been paying dividends 0 time a year. See the history of Magna International’s dividends in order to check and verify the frequency of dividend payments as Magna International’s dividend policy may change or the company may pay special dividends. The more often a company pays dividends, the more stable the investor's cash flow is.

All information and dividend data for Magna International stocks you may see on a given page above.