19:39:38 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 410,624,820
Close 2015-05-14 C$ 67.36
Market Cap C$ 27,659,687,875
Recent Sedar Documents

Inv Reporter refreshes Magna Int'l buy

2015-05-14 21:36 ET - In the News

The Investment Reporter, in its May 1, 2015, issue, refreshes its buy of Magna International Inc., recently $65.58. The Reporter said buy 20 times from Dec. 1, 1995, to Nov. 28, 2014, at prices ranging from $34.63 to $117.30 (the stock split 2 for 1 on Nov. 12, 2010, and on March 26, 2015). A $1,000 investment for each of the 20 buys would now be worth $57,316. The auto parts supplier's recent 2:1 stock split is positive for individual investors in two ways, says the Reporter. First, splitting the costly stock makes the shares more affordable. Magna is now trading at $65.58 a share instead of $131.16. This makes it easier for individual investors to buy a board lot of 100 shares. Second, the split shows that management values the individual investors, not just big institutional investors. Magna also takes care of individual investors by paying an annual dividend of 1.05 cents a share for a yield of 1.5 per cent. It remains a buy.

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