MGIC Investment Announces Quarterly Dividend of $0.10 Per Share

Rhea-AI Summary

On January 24, 2023, MGIC Investment Corporation (NYSE: MTG) declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on March 2, 2023, to shareholders recorded as of February 17, 2023. MGIC, serving mortgage lenders across the U.S., Puerto Rico, and beyond, aims to facilitate homeownership through affordable low-down-payment mortgages backed by private mortgage insurance.

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• Declared a quarterly cash dividend of $0.10 per share, indicating financial health and a commitment to returning income to shareholders.

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• None.

MILWAUKEE, Jan. 24, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.10 per share, payable on March 2, 2023, to shareholders of record as of February 17, 2023. 

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, and it 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 (MTG)?

MGIC Investment Corporation declared a quarterly cash dividend of $0.10 per share.

When will the dividend be paid to MTG shareholders?

The dividend will be paid on March 2, 2023.

What is the record date for the dividend payment for MGIC (MTG)?

The record date for the dividend payment is February 17, 2023.

How often does MGIC Investment Corporation pay dividends?

MGIC typically declares dividends quarterly.

Is the dividend declared by MGIC sustainable?

The sustainability of dividends depends on the company's financial performance and future earnings.