MGIC Investment Announces Quarterly Dividend of $0.08 Per Share

Rhea-AI Summary

MGIC Investment Corporation (NYSE: MTG) declared a quarterly cash dividend of $0.08 per share, payable on May 26, 2022, to shareholders of record as of May 12, 2022. This announcement reflects the company's commitment to providing returns to its shareholders while supporting mortgage insurance for families seeking affordable housing options.

Positive

• Quarterly dividend of $0.08 per share enhances shareholder returns.

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• None.

MILWAUKEE, April 28, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.08 per share payable on May 26, 2022, to shareholders of record as of May 12, 2022. 

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 dividend amount declared by MGIC Investment Corporation?

MGIC Investment Corporation declared a quarterly cash dividend of $0.08 per share.

When will the MGIC dividend be paid?

The dividend will be payable on May 26, 2022.

Who is eligible to receive the MGIC dividend?

Shareholders of record as of May 12, 2022, will be eligible to receive the dividend.

How often does MGIC Investment Corporation pay dividends?

MGIC typically pays dividends on a quarterly basis.