MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
MGIC Investment Dividend Announcement
• MGIC Investment announced a quarterly dividend of $0.13 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-07
• MGIC Investment annual dividend for 2024 was $0.49
• MGIC Investment annual dividend for 2023 was $0.43
• MGIC Investment's trailing twelve-month (TTM) dividend yield is 1.99%
• MGIC Investment's payout ratio for the trailing twelve months (TTM) is 16.96%
MGIC Investment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | $0.13 | quarterly | 2024-11-21 |
2024-08-08 | $0.13 | quarterly | 2024-08-22 |
2024-05-08 | $0.12 | quarterly | 2024-05-21 |
2024-02-14 | $0.12 | quarterly | 2024-03-05 |
2023-11-08 | $0.12 | quarterly | 2023-11-28 |
2023-08-09 | $0.12 | quarterly | 2023-08-24 |
2023-05-10 | $0.10 | quarterly | 2023-05-25 |
2023-02-16 | $0.10 | quarterly | 2023-03-02 |
2022-11-09 | $0.10 | quarterly | 2022-11-23 |
2022-08-10 | $0.10 | quarterly | 2022-08-25 |
2022-05-11 | $0.08 | quarterly | 2022-05-26 |
2022-02-15 | $0.08 | quarterly | 2022-03-02 |
2021-11-09 | $0.08 | quarterly | 2021-11-23 |
2021-08-11 | $0.08 | quarterly | 2021-08-26 |
2021-05-12 | $0.06 | quarterly | 2021-05-27 |
2021-02-16 | $0.06 | quarterly | 2021-03-03 |
2020-11-09 | $0.06 | quarterly | 2020-11-25 |
2020-08-10 | $0.06 | quarterly | 2020-08-28 |
2020-05-08 | $0.06 | quarterly | 2020-05-29 |
2020-02-10 | $0.06 | quarterly | 2020-02-28 |
2019-11-07 | $0.06 | quarterly | 2019-11-25 |
2019-08-29 | $0.06 | quarterly | 2019-09-20 |
2008-08-06 | $0.03 | quarterly | 2008-09-02 |
2008-05-22 | $0.03 | quarterly | 2008-06-16 |
2008-02-06 | $0.03 | quarterly | 2008-03-03 |
2007-11-07 | $0.03 | quarterly | 2007-12-03 |
2007-08-09 | $0.25 | quarterly | 2007-09-04 |
2007-05-18 | $0.25 | quarterly | 2007-06-08 |
2007-02-08 | $0.25 | quarterly | 2007-03-01 |
2006-11-08 | $0.25 | quarterly | 2006-12-01 |
2006-08-09 | $0.25 | quarterly | 2006-09-01 |
2006-05-22 | $0.25 | quarterly | 2006-06-09 |
2006-02-08 | $0.25 | quarterly | 2006-03-01 |
2005-11-08 | $0.15 | quarterly | 2005-12-01 |
2005-08-10 | $0.15 | quarterly | 2005-09-01 |
2005-05-20 | $0.15 | quarterly | 2005-06-09 |
2005-02-08 | $0.07 | quarterly | 2005-03-01 |
2004-11-08 | $0.07 | quarterly | 2004-12-01 |
2004-08-10 | $0.07 | quarterly | 2004-09-01 |
2004-05-20 | $0.04 | quarterly | 2004-06-09 |
2004-02-09 | $0.04 | quarterly | 2004-03-01 |
2003-11-06 | $0.04 | quarterly | 2003-12-01 |
2003-08-06 | $0.03 | quarterly | 2003-09-02 |
2003-05-19 | $0.03 | quarterly | 2003-06-02 |
2003-02-06 | $0.03 | quarterly | 2003-03-03 |
MGIC Investment Dividend per year
MGIC Investment Dividend growth
MGIC Investment Dividend Yield
MGIC Investment current trailing twelve-month (TTM) dividend yield is 1.99%. Interested in purchasing MGIC Investment stock? Use our calculator to estimate your expected dividend yield:
MGIC Investment Financial Ratios
MGIC Investment Dividend FAQ
Other factors to consider when evaluating MGIC Investment as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: MGIC Investment's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, MGIC Investment publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, MGIC Investment distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from MGIC Investment are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: MGIC Investment sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, MGIC Investment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MGIC Investment declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of MGIC Investment's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review MGIC Investment's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.