MGIC Investment Announces Quarterly Dividend of $0.10 Per Share

Rhea-AI Summary

MGIC Investment Corporation (NYSE: MTG) declared a quarterly cash dividend of $0.10 per share, marking a 25% increase from the previous dividend of $0.08. This payment is set for August 25, 2022, to shareholders on record by August 11, 2022. The increase reflects the company's strong performance and commitment to returning value to shareholders.

Positive

• Quarterly dividend increased by 25% from $0.08 to $0.10 per share.
• Demonstrates confidence in financial stability and profitability.

Negative

• None.

MILWAUKEE, July 28, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.10 per share payable on August 25, 2022, to shareholders of record as of August 11, 2022. This represents a 25% increase from the last quarterly dividend paid of $0.08 per share.

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 announced by MTG?

The announced dividend amount is $0.10 per share.

When will the dividend be paid to shareholders of MTG?

The dividend will be paid on August 25, 2022.

What was the previous dividend amount before the increase?

The previous dividend amount was $0.08 per share.

Who is eligible to receive the MTG dividend?

Shareholders on record as of August 11, 2022, are eligible to receive the dividend.