MGIC Investment Corporation Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.15 Per Share
Rhea-AI Summary
MGIC Investment Corporation (NYSE: MTG) announced a board-approved additional $750 million share repurchase authorization and declared a $0.15 quarterly cash dividend per share. The repurchase authorization may be executed via open market, privately negotiated transactions or Rule 10b5-1 plans through December 31, 2028. The dividend is payable May 21, 2026 to shareholders of record on May 6, 2026. The repurchase program may be suspended or discontinued and does not obligate the company to repurchase any shares. A conference call/webcast to discuss the quarter ended March 31, 2026, is scheduled for April 30, 2026.
Positive
- Board authorized a $750 million share repurchase program
- Declared a quarterly cash dividend of $0.15 per share payable May 21, 2026
- Repurchase authority extends through December 31, 2028 including 10b5-1 plans
Negative
- Repurchase program may be suspended or discontinued at any time
- Authorization does not require the company to repurchase any shares
News Market Reaction – MTG
In the Apr 23 session, MTG gained 2.13%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Buybacks,dividends Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 24 | Buyback & dividend | Positive | +2.3% | Announced $750M buyback authorization and $0.13 quarterly dividend increase. |
| Apr 25 | Buyback & dividend | Positive | +0.1% | Announced $750M buyback plan with a $0.115 quarterly dividend. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Similar buyback/dividend announcements in 2024 and 2025 produced modestly positive next-day moves, suggesting the market has historically welcomed these capital return updates.
This announcement continues a multi-year pattern of MGIC pairing sizable repurchase authorizations with incremental dividend increases. In April 2024 and April 2025, the company also unveiled additional $750 million buyback programs alongside quarterly dividend raises from $0.115 to $0.13 per share. Those prior events led to small positive price reactions, indicating investors have generally viewed MGIC’s capital return actions favorably and as part of an ongoing strategy rather than a one-off move.
Key Terms
rule 10b5-1 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to December 31, 2028. The share repurchase program may be suspended or discontinued at any time and does not require the company to acquire any amount of common stock.
The company also announced that its board of directors declared a quarterly cash dividend of
As previously announced, the company will hold a conference call/webcast on Thursday, April 30, 2026, to discuss the results for the quarter ended March 31, 2026.
About MGIC
Mortgage Guaranty Insurance Corporation (MGIC) (mgic.com), the principal subsidiary of MGIC Investment Corporation, provides mortgage insurance solutions that support responsible credit risk management for mortgage lenders and investors and enable borrowers to qualify for mortgages with lower down payments. As the founder and longstanding leader of today's private mortgage insurance industry, MGIC continues to guide the industry's evolution while serving as a trusted partner to lenders across the country.
From time-to-time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website, and it intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.
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SOURCE MGIC Investment Corporation