MGIC Investment Announces Quarterly Dividend of $0.06 Per Share

Rhea-AI Summary

The Board of Directors of MGIC Investment Corporation (NYSE:MTG) has declared a quarterly cash dividend of $0.06 per share, scheduled for payment on March 3, 2021. Shareholders of record as of February 17, 2021 will receive this dividend. This decision reflects the company’s commitment to returning value to shareholders. MGIC, through its principal subsidiary, provides private mortgage insurance to lenders, facilitating affordable homeownership.

Positive

• Quarterly cash dividend of $0.06 per share declared.
• Dividend payment reflects company commitment to shareholder returns.

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• None.

MILWAUKEE, Jan. 26, 2021 /PRNewswire/ -- The Board of Directors of MGIC Investment Corporation (NYSE:MTG) today declared a quarterly cash dividend of $0.06 per share.

The dividend is payable on March 3, 2021, to shareholders of record on February 17, 2021. 

About MGIC

Mortgage Guaranty Insurance Corporation "MGIC" (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations 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 for information related to underwriting and pricing, and 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 the dividend declared by MGIC Investment Corporation?

MGIC Investment Corporation declared a quarterly cash dividend of $0.06 per share.

When will the dividend payment be made for MGIC Investment Corporation?

The dividend payment will be made on March 3, 2021.

Who is eligible for the MGIC Investment Corporation dividend?

Shareholders of record on February 17, 2021, are eligible for the dividend.

How often does MGIC Investment Corporation declare dividends?

MGIC Investment Corporation typically declares quarterly dividends.