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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Magna International Inc. (NYSE:MGA) is included among the 12 Best Dividend Stocks with Yields Above 4%.
Magna International Inc. (NYSE:MGA) stands among the world’s largest automotive suppliers, producing a wide range of components including body structures, seating systems, powertrains, and even full vehicle assemblies. The company serves nearly every major automaker globally, operating more than 340 manufacturing facilities across 29 countries.
Its extensive international footprint is just one of its strengths. Magna International Inc. (NYSE:MGA) continues to be viewed as a strong long-term investment opportunity, making it one of the best dividend stocks with high yields. Importantly, the company’s growth strategy extends beyond traditional internal combustion vehicles. The company has positioned itself at the forefront of the electric vehicle transition and is actively expanding in this segment.
For instance, Magna International Inc. (NYSE:MGA) recently secured a major assembly contract with XPENG for the European market, further highlighting its growth potential in the fast-evolving EV industry.
In addition to this, Magna International Inc. (NYSE:MGA)’s dividend history makes it an appealing option for income investors. The company has been growing its payouts for 15 consecutive years, and it currently offers a quarterly dividend of $0.485 per share. The stock has a dividend yield of 4.46%, as of October 12.
While we acknowledge the potential of MGA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Most Promising Dividend Stocks According to Wall Street Analysts and Top 15 Dividend Growth Stocks for Long-Term Investors
Disclosure: None.
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