Mgic Investment's last quarterly dividend was on May 10, 2023 (ex-date) with a distribution of $0.1 per share. On an annualized basis, the company has a current payout of $0.4 per share. This brings the dividend yield to 2.63% based on its recent close price.
Mgic Investment's dividend yield of 2.63% is higher than the industry average but lower than the Financial Services sector and its peers average. If we compare it with the Financial Services sector average of 3.86%, Mgic Investment's dividend yield is 32% lower.
Mgic Investment has a long dividend history, including the last four consecutive years with dividend payouts. MTG has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 25% since one year ago. And with the stock price up by 10% from a year ago, the dividend yield has grown by 13%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 10, 2023 | May 25, 2023 | Apr 27, 2023 | $0.1 | normal |
| Feb 16, 2023 | Mar 2, 2023 | Jan 24, 2023 | $0.1 | normal |
| Nov 9, 2022 | Nov 23, 2022 | Oct 27, 2022 | $0.1 | normal |
| Aug 10, 2022 | Aug 25, 2022 | Jul 28, 2022 | $0.1 | normal |
| May 11, 2022 | May 26, 2022 | Apr 28, 2022 | $0.08 | normal |
| Feb 15, 2022 | Mar 2, 2022 | Jan 25, 2022 | $0.08 | normal |
| Nov 9, 2021 | Nov 23, 2021 | Oct 28, 2021 | $0.08 | normal |
| Aug 11, 2021 | Aug 26, 2021 | Jul 29, 2021 | $0.08 | normal |
| May 12, 2021 | May 27, 2021 | Apr 29, 2021 | $0.06 | normal |
| Feb 16, 2021 | Mar 3, 2021 | Jan 26, 2021 | $0.06 | normal |
| Nov 9, 2020 | Nov 25, 2020 | Oct 29, 2020 | $0.06 | normal |
| Aug 10, 2020 | Aug 28, 2020 | Jul 30, 2020 | $0.06 | normal |
| May 8, 2020 | May 29, 2020 | Apr 23, 2020 | $0.06 | normal |
| Feb 10, 2020 | Feb 28, 2020 | Jan 28, 2020 | $0.06 | normal |
| Nov 7, 2019 | Nov 25, 2019 | Oct 24, 2019 | $0.06 | normal |
| Aug 29, 2019 | Sep 20, 2019 | Jul 25, 2019 | $0.06 | normal |
Mgic Investment's payout ratio of 14.2% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 32.1%, Mgic Investment's payout ratio is 56% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| RDN Radian Group Inc | 3.25% | $0.85 | 19.3% |
| MTG Mgic Investment Corp | 2.57% | $0.4 | 14.2% |
| AIG American International Group Inc | 2.31% | $1.28 | 16.2% |
| ESNT Essent Group Ltd | 2.06% | $0.95 | 13.9% |
| HTH Hilltop Holdings Inc | 1.96% | $0.62 | 35.4% |
Yes, Mgic Investment has been paying dividends for the last four years.
MTG hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in August 2023.
Mgic Investment's last regular dividend was on May 10, 2023 (ex-date) with the amount of $0.1 per share.
MTG's annualized dividend per share is $0.4.
Mgic Investment's current dividend yield is 2.63%.
Mgic Investment pays four dividends per year.
Mgic Investment's dividend payout ratio is 14.2%.
Mgic Investment's dividend yield is less than the Financial Services sector average.