11-20-2014, 10:05 AM
I initiated a position in Magna International Inc (MGA) (MG.TO). For those unfamiliar, its an automotive parts company. Starting yield 1.46%, 5-yr DGR 15.2%, payout ratio 18.5%.
I have a more detailed post on my blog on the reasons for buying
I have a more detailed post on my blog on the reasons for buying