The Investment Reporter, in its May 31, 2013, issue says buy Magna International Inc., recently $67.11. The Reporter said buy 17 times from Dec. 1, 1995, to Oct. 12, 2012, at prices ranging from $34.63 to $105.73 (the stock split 2 for 1 on Nov. 12, 2010). Assuming a $1,000 investment for each of the 17 buys, the $17,000 position is now worth $27,179. Magna International has increased its dividend to $1.28 a share thanks to higher earnings, excess cash and a healthy balance sheet. The higher payout is up sharply from the previous peak of 76 cents a share in 2005 and 2006. The auto parts and equipment manufacturer earned $367-million (U.S.) in the first quarter of 2013, up from $341-million (U.S.) in the same period last year. It also increased sales by 9.07 per cent to $8.36-billion. Cash flow jumped by 14.3 per cent to $607-million, easily exceeding capital investment and dividend payments. The Reporter notes that one of Magna's strenths is its diversification. It sells a wide variety of auto products and has operations in 29 countries. The Reporter expects it to use excess cash to expand in emerging markets and to keep abreast of the latest technologies. Buy Magna for gains and rising dividends.