Magna International, Inc. (MGA) Raises Quarterly Dividend 10% to $0.275; 2.4% Yield

Magna International, Inc. (NYSE: MGA) declared a quarterly dividend of $0.275 per share, or $1.1 annualized. This is a 10% increase from the prior dividend of $0.25.

The dividend will be payable on March 23, 2012, to stockholders of record on March 12, 2012, with an ex-dividend date of March 8, 2012.

The annual yield on the dividend is 2.4 percent.

For a dividend history and other dividend-related data on Magna International, Inc. (MGA) click here.

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