Recent Buy - Magna International Inc. (MGA)

On Wednesday, March 6 I bought 50 shares of Magna International Inc. at $ 52.12 per share plus commission.

My overall cost basis of this position increases from $ 38.43 to $ 45.50 per share. I totally hold now 100 shares of MGA and my yield on cost is 3.21%. I purchased my first MGA's shares in June 2016, which you can read here.

Details of my purchase:

With current quarterly dividend ($ 0.365), my last purchase 50 shares of MGA will increase € 48.47 ($ 54.39) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 14,480.00. After this acquisition, MGA's weight of my portfolio is about 0.98% and its share of future annual dividend income is approximately 0.67%.  In the near future, I have no intention of increasing the amount of MGA in my portfolio, though, if the share price drops sharply with the market, I may add a little.

Click here to see my portfolio.

Full Disclosure: Long MGA

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