Magna International Inc. (MG) Insider Vincent Joseph Galifi Sells 44,890 Shares

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Vincent Joseph Galifi sold 44,890 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of C$71.99, for a total transaction of C$3,231,631.10.

Vincent Joseph Galifi also recently made the following trade(s):

  • On Thursday, November 16th, Vincent Joseph Galifi sold 70,000 shares of Magna International stock. The shares were sold at an average price of C$68.02, for a total transaction of C$4,761,400.00.

Shares of Magna International Inc. (TSE MG) traded down C$0.82 during trading on Monday, hitting C$71.55. 1,206,008 shares of the stock traded hands, compared to its average volume of 919,547. Magna International Inc. has a fifty-two week low of C$52.63 and a fifty-two week high of C$72.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a $0.354 dividend. This is a boost from Magna International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.42 annualized dividend and a dividend yield of 1.98%. Magna International’s dividend payout ratio is presently 14.87%.

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Magna International Company Profile

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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