BUZZ-Magna International Inc: Raises dividend, sets stock split

Wed Feb 25, 2015 1:46pm EST
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** Auto parts maker Magna International Inc up 7.6 pct at C$137.4; U.S.-listed shares up 8 pct at $110.47

** Raises quarterly dividend to 44 cents per share from 38 cents, and approves two-for-one stock split

** Reports better-than-expected Q4 profit and revenue, helped by strong demand in North America

** Up to Tuesday's close, Toronto-listed stock had risen 33.5 pct in the past 12 months