Core Insights - Magna International Inc. (NYSE:MGA) is recognized as one of the best dividend stocks with yields exceeding 4% [1] - The company is a leading global automotive supplier, producing a diverse range of components and serving major automakers worldwide [2] - Magna is strategically positioned in the electric vehicle (EV) market, enhancing its growth potential [3][4] - The company has a strong dividend history, increasing payouts for 15 consecutive years, with a current quarterly dividend of $0.485 per share and a yield of 4.46% as of October 12 [5] Company Overview - Magna International operates over 340 manufacturing facilities across 29 countries, showcasing its extensive international presence [2] - The company produces various automotive components, including body structures, seating systems, and powertrains [2] Growth Strategy - Magna is actively expanding its operations in the electric vehicle sector, positioning itself at the forefront of the industry's transition [3] - The recent assembly contract with XPENG for the European market highlights Magna's growth potential in the evolving EV landscape [4] Dividend Performance - The company has demonstrated a consistent commitment to returning value to shareholders through dividends, with a notable track record of 15 years of increasing payouts [5] - The current dividend yield of 4.46% makes Magna an attractive option for income-focused investors [5]