MGIC Investment Corporation Announces an Increase to Quarterly Dividend
Rhea-AI Summary
MGIC Investment (NYSE: MTG) has announced a 13% increase in its quarterly cash dividend. The new dividend of $0.13 per share is up from the previous $0.115 per share. This increased dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. The decision to raise the dividend was made by the company's Board of Directors, signaling confidence in MGIC's financial position and commitment to returning value to shareholders.
Positive
- 13% increase in quarterly dividend from $0.115 to $0.13 per share
- Signals company confidence in financial position
- Increased income for shareholders
Negative
- None.
News Market Reaction – MTG
In the trading session that priced this news, MTG gained 4.58%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About MGIC
Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the
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