MGIC Investment Corporation Announces Quarterly Dividend of $0.13 Per Share

Rhea-AI Summary

MGIC Investment (NYSE: MTG) has announced a quarterly cash dividend payment. The company's Board of Directors has declared a dividend of $0.13 per share. The dividend will be paid on March 5, 2025, to shareholders who are recorded as holders of the stock as of February 18, 2025.

Positive

• Consistent dividend payment indicates financial stability
• $0.13 per share quarterly dividend provides steady income stream to shareholders

Negative

• None.

MILWAUKEE, Jan. 28, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on March 5, 2025, to shareholders of record as of February 18, 2025. 

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 amount of MTG's quarterly dividend for March 2025?

MGIC Investment (MTG) declared a quarterly dividend of $0.13 per share.

When is the record date for MTG's latest dividend?

The record date for MTG's quarterly dividend is February 18, 2025.

When will MTG pay its latest quarterly dividend?

MTG will pay its quarterly dividend on March 5, 2025.

What is the annual dividend yield for MTG based on the latest quarterly payment?

Based on the quarterly dividend of $0.13 per share, the annual dividend would be $0.52 per share. The yield would depend on the current stock price.