Given a text, write a compressed version of it in a single sentence.

Magna recently cut its quarterly dividend in half and the company's Class A shares are wallowing far below their 52 - week high of 16.125 Canadian dollars ( US $ 13.73 ). On the Toronto Stock Exchange yesterday, Magna shares closed up 37.5 Canadian cents to C $ 9.625.
Magna recently cut its quarterly dividend in half and the company's Class A shares are wallowing far below their 52-week high of 16.125 Canadian dollars ( US $ 13.73 ).