Magna International Inc. (NYSE:MGA) is identified as one of the 12 Best Dividend Stocks with Yields Above 4%, thanks to its global scale and growth in electric vehicles. The company is a major automotive supplier with over 340 facilities in 29 countries, catering to top automakers worldwide.

Magna International Inc. (NYSE:MGA) is considered a strong long-term investment with a focus on electric vehicle growth. Recently securing a significant assembly contract with XPENG for the European market, Magna is positioned for further expansion in the evolving EV industry.

With a dividend history of 15 consecutive years, Magna International Inc. (NYSE:MGA) offers income investors a quarterly dividend of $0.485 per share, resulting in a dividend yield of 4.46% as of October 12. The company’s consistent payout growth makes it an attractive option for investors seeking steady returns.

Read more at Yahoo Finance: Why Magna’s (MGA) Global Scale and EV Growth Support its Steady Dividend Yield