MGIC Investment Corporation Announces an Increase to Quarterly Dividend

Rhea-AI Summary

MGIC Investment Corporation (NYSE: MTG) has announced a 15% increase in its quarterly cash dividend, from $0.10 per share to $0.115 per share. The dividend will be payable on August 24, 2023, to shareholders of record as of August 10, 2023.

MILWAUKEE, July 27, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.115 per share, an increase of 15% from the last quarterly dividend paid of $0.10 per share. This quarter's dividend will be payable on August 24, 2023 to shareholders of record as of August 10, 2023. 

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, 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.

View original content:https://www.prnewswire.com/news-releases/mgic-investment-corporation-announces-an-increase-to-quarterly-dividend-301887679.html

SOURCE MGIC Investment Corporation

FAQ

What is the dividend increase announced by MGIC Investment Corporation?

MGIC Investment Corporation has announced a 15% increase in its quarterly cash dividend from $0.10 per share to $0.115 per share.

When will the dividend be payable?

The dividend will be payable on August 24, 2023.

Who will receive the dividend?

Shareholders of record as of August 10, 2023, will receive the dividend.