MGA Stock Recent News

AURORA, Ontario, March 28, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2024 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's website, www.magna.com. Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (accessible through its website at www.sec.gov/edgar).

TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Mega Uranium Ltd. (TSX: MGA) announces the results of its annual and special shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:

Automotive suppliers face bigger repercussions from Trump's proposed tariffs than automakers, but their problems could quickly have ripple effects on the broader industry. Most vehicles produced in North America meet requirements for tree trade under the USMCA deal, but far fewer individual supplier parts meet those standards.

I rank a selection of undervalued dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for consideration. I use two valuation screens, one based on my fair value estimate, and another comparing each stock's forward dividend yield with its 5-year average dividend yield. To rank stocks, I do a quality assessment and sort candidates by quality scores, breaking ties with additional metrics.

AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE) -- Magna, a global leader in mobility technology, today announced a program in collaboration with NVIDIA to integrate the NVIDIA DRIVE AGX platform within the company's next generation of advanced technology solutions. The next-generation NVIDIA DRIVE AGX Thor system-on-a-chip (SoC), which runs the safety-certified DriveOS operating system and is built on the Blackwell GPU architecture, consolidates increased functionality to improve efficiency, speed, and scalability. This will help Magna enable cutting-edge AI and varying levels of autonomous driving (AD) and interior cabin applications.

As a presidential candidate, Donald Trump liked to call himself "tariff man." Now that he's back in the White House, he's living up to his self-given nickname.

Magna International posted a positive FY 2024 report, beating analysts' EPS consensus estimate, and showing improved EBIT and effective cost management. The company is undervalued with a trailing P/E of 7.01x and EV/EBITDA of 4.55x, presenting a 23% margin of safety. MGA's positive FCF outlook and robust dividend yield, supported by strong liquidity and cash flow, make it an attractive buy despite short-term weaknesses.

S&P Global extends its 52-year dividend growth streak with a 5.5% increase, highlighting financial health and stability. My strategy focuses on stocks with consistent dividend growth and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from U.S. Dividend Champions and NASDAQ to identify companies with at least five years of dividend growth.

Investors may keep a tab on stocks like ESNT, MGA, BCS, RLI and PHIN, which have lately hiked their dividend payments.

MGA reports better-than-expected fourth-quarter results and expects 2025 revenues in the band of $38.6-$40.2 billion compared with $42.8 billion reported in 2024.