Mgic Investment's last quarterly dividend was on May 11, 2022 (ex-date) with a distribution of $0.08 per share. On an annualized basis, the company has a current payout of $0.32 per share. This brings the dividend yield to 2.4% based on its recent close price.
Mgic Investment's dividend yield of 2.4% is lower than the Financial Services sector, the industry and its peers average.
Mgic Investment has a long dividend history, including the last three consecutive years with dividend payouts. MTG has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 33% since one year ago. And with the stock price down by 7% from a year ago, the dividend yield has grown by 43%.
| Declared on | Ex-date | Payment date | Amount | Type |
|---|---|---|---|---|
| Apr 28, 2022 | May 11, 2022 | May 26, 2022 | $0.08 | normal |
| Jan 25, 2022 | Feb 15, 2022 | Mar 2, 2022 | $0.08 | normal |
| Oct 28, 2021 | Nov 9, 2021 | Nov 23, 2021 | $0.08 | normal |
| Jul 29, 2021 | Aug 11, 2021 | Aug 26, 2021 | $0.08 | normal |
| Apr 29, 2021 | May 12, 2021 | May 27, 2021 | $0.06 | normal |
| Jan 26, 2021 | Feb 16, 2021 | Mar 3, 2021 | $0.06 | normal |
| Oct 29, 2020 | Nov 9, 2020 | Nov 25, 2020 | $0.06 | normal |
| Jul 30, 2020 | Aug 10, 2020 | Aug 28, 2020 | $0.06 | normal |
| Apr 23, 2020 | May 8, 2020 | May 29, 2020 | $0.06 | normal |
| Jan 28, 2020 | Feb 10, 2020 | Feb 28, 2020 | $0.06 | normal |
| Oct 24, 2019 | Nov 7, 2019 | Nov 25, 2019 | $0.06 | normal |
| Jul 25, 2019 | Aug 29, 2019 | Sep 20, 2019 | $0.06 | normal |
Mgic Investment's payout ratio of 15.9% is above its peers average but below the Financial Services sector and the industry average.