Magna International (MGA) Raises Quarterly Dividend 20% to $0.33; 2.4% Yield

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Go back to Magna International (MGA) Raises Quarterly Dividend 20% to $0.33; 2.4% Yield

Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%

February 22, 2018 5:00 AM EST

Fourth Quarter 2017 Highlights

Record sales of $10.4 billion, up 12% from the fourth quarter of 2016Record diluted earnings per share of $1.53, an increase of 23%Cash from operations of $1.4 billionReturned $461 million to shareholders through share repurchases and dividendsRaises quarterly cash dividend by 20% to $0.33 per share

Full Year 2017 Highlights

Record sales of $38.9 billion, up 7% from 2016Record diluted earnings per share of $5.90, an increase of 14%Record cash from operations of $3.3 billionReturned approximately $1.3 billion to shareholders through share repurchases and $400 million in dividends.

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