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.

MILWAUKEE, July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. 

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

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

FAQ

What is the new quarterly dividend amount for MGIC Investment (MTG)?

The new quarterly dividend amount for MGIC Investment (MTG) is $0.13 per share.

When will MGIC Investment (MTG) pay its next dividend?

MGIC Investment (MTG) will pay its next dividend on August 22, 2024.

What is the record date for MGIC Investment 's (MTG) upcoming dividend?

The record date for MGIC Investment 's (MTG) upcoming dividend is August 8, 2024.

By what percentage did MGIC Investment (MTG) increase its quarterly dividend?

MGIC Investment (MTG) increased its quarterly dividend by 13%.