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Magna International Backs FY19 Outlook; Boosts Dividend 11% - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2018, automotive supplier Magna International Inc. (MG.TO,MGA) on Friday affirmed its net income and sales outlook for the full-year 2019.

For fiscal 2019, the company continues to expect net income attributable to company in a range of $2.1 billion to $2.3 billion, on total sales between $40.2 billion and $42.4 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.98 per share on sales of $41.17 billion for the year. Analysts' estimates typically exclude special items.

Additionally, the company's Board of Directors declared an 11 percent higher quarterly cash dividend of $0.365 on its outstanding Common Shares for the quarter ended December 31, 2018, payable on March 22, 2019 to shareholders of record on March 8, 2019.

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