MGA - Dividend announcements

Sales of $10.2 billion increased 18%Global light vehicle production was up 18% driven by an 87% increase in ChinaIncome from operations before income taxes increased 109%Adjusted EBIT was up 91%Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectivelyIncreased 2021 outlook to reflect modestly higher sales and Adjusted EBIT margin expectations AURORA, Ontario, May 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the first quarter ended March 31, 2021. Please click HERE for full first quarter Financial Statements and MD&A.   THREE MONTHS ENDED  March 31, 2021 March 31, 2020Reported   

Fourth Quarter 2020 Highlights Sales of $10.6 billion increased 12%, compared to higher global light vehicle production of 4%Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019Raised quarterly cash dividend by 8% to $0.43 per share Full Year 2020 Highlights Sales of $32.6 billion decreased 17%, compared to vehicle production declines of 20% and 23% in our most significant production markets of North America and EuropeReturned $659 million to shareholders primarily thro