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. The dividend will be payable on August 28, 2020, to shareholders who are on record by August 11, 2020. As of June 30, 2020, MGIC had $230.5 billion in primary insurance in force, covering over one million mortgages, showcasing their commitment to assisting families in achieving homeownership.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder returns.
• Strong primary insurance coverage of $230.5 billion indicates robust business performance.

Negative

• None.

MILWAUKEE, July 30, 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 August 28, 2020, to shareholders of record on August 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 June 30, 2020, MGIC had $230.5  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 Investment Corporation?

The dividend is payable on August 28, 2020.

When is the record date for the MGIC dividend?

The record date for the dividend is August 11, 2020.

How much primary insurance does MGIC have in force?

As of June 30, 2020, MGIC had $230.5 billion of primary insurance in force.

What does MGIC do?

MGIC serves lenders by providing affordable low-down-payment mortgages, helping families achieve homeownership.