MGIC Investment Announces Quarterly Dividend of $0.06 Per Share

Rhea-AI Summary

MGIC Investment Corporation (MTG) has declared a quarterly cash dividend of $0.06 per share, payable on November 25, 2020, to shareholders recorded by November 11, 2020. As of September 30, 2020, MGIC reported $238.9 billion of primary insurance covering over one million mortgages, helping to make affordable low-down-payment mortgages accessible for families across the U.S. and Puerto Rico.

Positive

• Quarterly cash dividend of $0.06 demonstrates MGIC's commitment to returning value to shareholders.
• Strong primary insurance in force at $238.9 billion indicates robust business operations and growth potential.

Negative

• None.

MILWAUKEE, Oct. 29, 2020 /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 November 25, 2020, to shareholders of record on November 11, 2020. 

About MGIC

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. At September 30, 2020, MGIC had $238.9  billion of primary insurance in force covering over one million mortgages.

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 dividend amount declared by MGIC Investment Corporation?

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

When is the dividend payment date for MGIC's declared dividend?

The dividend is payable on November 25, 2020.

Who will receive the dividend from MGIC?

Shareholders of record on November 11, 2020, will receive the dividend.

How much primary insurance does MGIC have in force?

As of September 30, 2020, MGIC had $238.9 billion of primary insurance in force.

What regions does MGIC serve?

MGIC serves lenders throughout the United States, Puerto Rico, and other locations.