Mgic Investment's last quarterly dividend was on Feb 14, 2024 (ex-date) with a distribution of $0.115 per share. On an annualized basis, the company has a current payout of $0.45 per share. This brings the dividend yield to 2.19% based on its recent close price.
Mgic Investment's dividend yield of 2.19% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.41%, Mgic Investment's dividend yield is 36% lower. The current dividend yield is in line with the historical average of 2.3% of the last 5 years.
Mgic Investment has a long dividend history, including the last five consecutive years with dividend payouts. MTG has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 17% since one year ago. But with the stock price up by 43% from a year ago, the dividend yield marks a decrease of 18%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 14, 2024 | Mar 5, 2024 | Jan 23, 2024 | $0.115 | normal |
| Nov 8, 2023 | Nov 28, 2023 | Oct 26, 2023 | $0.115 | normal |
| Aug 9, 2023 | Aug 24, 2023 | Jul 27, 2023 | $0.115 | normal |
| 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 17.7% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 39.6%, Mgic Investment's payout ratio is 55% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| RDN Radian Group Inc | 3.01% | $0.92 | 24.1% |
| MTG Mgic Investment Corp | 2.16% | $0.45 | 17.7% |
| HTH Hilltop Holdings Inc | 2.13% | $0.65 | 38% |
| AIG American International Group Inc | 1.93% | $1.44 | 28.7% |
| ESNT Essent Group Ltd | 1.91% | $1.03 | 15.7% |
Yes, Mgic Investment has been paying dividends for the last five 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 May 2024.
Mgic Investment's last regular dividend was on Feb 14, 2024 (ex-date) with the amount of $0.115 per share.
MTG's annualized dividend per share is $0.45.
Mgic Investment's current dividend yield is 2.19%.
Mgic Investment pays four dividends per year.
Mgic Investment's dividend payout ratio is 17.7%.
Mgic Investment's dividend yield is less than the Financial Services sector average.