MGIC Magic Software Enterprises dividend history, payout ratio & dates
Magic Software Enterprises's latest dividend was on Dec 23, 2024 (ex-date) with a payout of $0.236 per share. At an annualized rate of $0.44 per share, the stock yields 3.72%. The latest dividend has increased by $0.03, or 16% from the prior distribution.
Key dates
- MGIC last dividend date: Dec 23, 2024
MGIC dividend stats
vs. Technology sector
Dividend yield
Magic Software Enterprises's dividend yield of 3.72% is above the Technology sector and the industry average. Compared to its Technology sector average of 1.71%, Magic Software Enterprises's dividend yield is 118% higher. The historical 5-year average of MGIC's dividend yield is 3.3%, which is below the current yield.
Dividend history
Magic Software Enterprises has a long history of dividend payments, including the last 12 consecutive years with dividend payouts. MGIC has distributed two dividends in the past year. The annualized dividend per share has a decrease of 30% since twelve months ago. And with the price of the stock up by 18% from a year ago, the dividend yield has a decrease of 41%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Dec 23, 2024 | $0.236 | 3.72% |
| Jun 27, 2024 | $0.204 | 5.51% |
| Aug 29, 2023 | $0.327 | 5.39% |
| Apr 6, 2023 | $0.3 | 4.4% |
| Aug 29, 2022 | $0.29 | 2.91% |
| Mar 23, 2022 | $0.216 | 2.47% |
| Aug 27, 2021 | $0.234 | 2.18% |
| Mar 24, 2021 | $0.21 | 2.87% |
| Aug 26, 2020 | $0.175 | 1.67% |
| Jun 8, 2020 | $0.08 | 2.12% |
| Aug 26, 2019 | $0.156 | 3.38% |
| Mar 13, 2019 | $0.15 | 3.57% |
| Aug 21, 2018 | $0.155 | 3.22% |
| Mar 12, 2018 | $0.13 | 3.11% |
| Aug 25, 2017 | $0.13 | 2.79% |
| Mar 16, 2017 | $0.085 | 2.14% |
| Sep 6, 2016 | $0.085 | 2.28% |
| Feb 29, 2016 | $0.09 | 2.65% |
| Aug 21, 2015 | $0.095 | 2.8% |
| Feb 19, 2015 | $0.081 | 2.56% |
Magic Software Enterprises dividend payout ratio
Payout ratio
Magic Software Enterprises's payout ratio of 62.9% is above the Technology sector and the industry average. Compared to its Technology sector average of 39.5%, Magic Software Enterprises's payout ratio is 59% higher.
Total amount of dividends paid per financial year (from cash flow)
MGIC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MGIC Magic Software Enterprises Ltd. | 3.7% | $0.44 | 62.9% |
| IBM International Business Machines Corp | 2.97% | $6.67 | 95.4% |
| ORCL Oracle Corp | 0.93% | $1.6 | 38% |
| MSFT Microsoft Corp | 0.7% | $3.08 | 25.3% |
Frequently asked questions
Does Magic Software Enterprises pay a dividend?
Yes, Magic Software Enterprises has paid two dividends in the last twelve months. MGIC has been paying dividends since 2012.
When was MGIC's last dividend?
Magic Software Enterprises's last regular dividend was on Dec 23, 2024 (ex-date) with the amount of $0.236 per share.
How much dividend does Magic Software Enterprises pay (per share)?
On an annual basis MGIC pays $0.44 per share.
What is Magic Software Enterprises's dividend yield?
The current dividend yield of Magic Software Enterprises is 3.72%.
How often does Magic Software Enterprises pay dividends?
Magic Software Enterprises typically pays two dividends per year.
What is Magic Software Enterprises's dividend payout ratio?
The dividend payout ratio of Magic Software Enterprises is 62.9%.
Does Magic Software Enterprises pay a good dividend?
Magic Software Enterprises's dividend yield is above the Technology sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.