Magna International (MGA)
Magna International is a global automotive supplier that designs, develops, and manufactures automotive systems, assemblies, and components. Founded in 1957 and headquartered in Canada, the company serves automakers worldwide, providing products such as body, chassis, exterior, powertrain, and electronic systems. Magna is known for its innovation and collaboration within the automotive industry, supporting the transition to electric and autonomous vehicles.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| August 29, 2025 | $0.48 | 2025-08-15 | 2025-08-15 |
| May 30, 2025 | $0.48 | 2025-05-16 | 2025-05-16 |
| March 14, 2025 | $0.48 | 2025-02-28 | 2025-02-28 |
| November 29, 2024 | $0.47 | 2024-11-15 | 2024-11-15 |
| August 30, 2024 | $0.47 | 2024-08-16 | 2024-08-16 |
Dividends Summary
- Magna International has issued 61 dividend payments over the past 15 years
- The most recent dividend was paid 22 days ago, on August 29, 2025
- The highest dividend payed out to investors during this period was $0.485 per share
- The average dividend paid during this period was $0.36 per share.
Company News
Chinese electric vehicle maker Xpeng reported a 137% year-over-year surge in overseas deliveries from January to August 2025, delivering over 24,702 units across 46 countries. The company is expanding production in Europe through a partnership with Magna International.
Saudi Arabia's automotive components market is projected to grow from $6.51 billion in 2024 to $10.24 billion by 2030, driven by Vision 2030 initiatives, increasing vehicle ownership, and local manufacturing expansion.
Nvidia's automotive revenue is expected to triple in 2023, driven by new partnerships with major automakers and component suppliers. The company sees a massive $300 billion addressable opportunity in the automotive market, which could become its next big growth driver.
Aptiv PLC (APTV) is set to report its Q2 2024 results on Aug 1. The company's earnings surprise history has been impressive, but its weak guidance and challenges facing the global automotive industry raise concerns about its near-term financial performance.
Citi has upgraded its price target for Tesla stock, citing improved near-term sentiment and upcoming electric vehicle and autonomous vehicle catalysts. The firm has also initiated a 30-Day Upside View on BorgWarner and Aptiv, while adopting a 30-Day Downside View on Magna International.
