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Stock impact report

CPP Benefits Not Enough? This Top Dividend Stock Can Help Fund Your Retirement [Yahoo! Finance Canada]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
As the average Canada Pension Plan (CPP) payout in 2024 is less than $850, it's evident that retirees need to supplement their income with additional sources. One low-cost way to begin a passive-income stream is by investing in blue-chip dividend stocks such as Magna International TSX:MG ). As dividend payouts are not guaranteed, it's essential to identify a portfolio of stocks that can grow their dividend income each year, enhancing the yield-at-cost in the process. Let's see how you can use this top TSX dividend stock to supplement your retirement benefits. An overview of Magna International Valued at $15 billion by market cap , Magna International designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks globally. Down 58% from all-time highs, Magna International stock has trailed the broader markets in the past decade. Since September 2014, it has trailed the broader mark Show less Read more
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