MTG Mgic Investment dividend history, payout ratio & dates
Mgic Investment's last dividend was on Aug 8, 2024 (ex-date) with a distribution of $0.13 per share. On an annualized basis, the company has a current payout of $0.48 per share. This brings the dividend yield to 1.88% based on its recent close price. The latest dividend has grown by $0.02, or 13% from the previous dividend.
Key dates
- MTG last dividend date: Aug 8, 2024
MTG dividend stats
vs. Financial Services sector
Dividend yield
Mgic Investment's dividend yield of 1.88% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.78%, Mgic Investment's dividend yield is 32% lower. The current dividend yield is less than the historical average of 2.2% of the last 5 years.
Dividend history
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 14% since one year ago. But with the stock price up by 53% from a year ago, the dividend yield marks a decrease of 25%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 8, 2024 | $0.13 | 2.02% |
| May 8, 2024 | $0.115 | 2.2% |
| Feb 14, 2024 | $0.115 | 2.3% |
| Nov 8, 2023 | $0.115 | 2.47% |
| Aug 9, 2023 | $0.115 | 2.3% |
| May 10, 2023 | $0.1 | 2.73% |
| Feb 16, 2023 | $0.1 | 2.71% |
| Nov 9, 2022 | $0.1 | 2.72% |
| Aug 10, 2022 | $0.1 | 2.31% |
| May 11, 2022 | $0.08 | 2.47% |
| Feb 15, 2022 | $0.08 | 1.9% |
| Nov 9, 2021 | $0.08 | 1.83% |
| Aug 11, 2021 | $0.08 | 1.76% |
| May 12, 2021 | $0.06 | 1.8% |
| Feb 16, 2021 | $0.06 | 1.88% |
| Nov 9, 2020 | $0.06 | 2.17% |
| Aug 10, 2020 | $0.06 | 2.67% |
| May 8, 2020 | $0.06 | 3.37% |
| Feb 10, 2020 | $0.06 | 1.27% |
| Nov 7, 2019 | $0.06 | 0.86% |
| Aug 29, 2019 | $0.06 | 0.48% |
Mgic Investment dividend payout ratio
Payout ratio
Mgic Investment's payout ratio of 17.5% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 43.2%, Mgic Investment's payout ratio is 59% lower.
Total amount of dividends paid per financial year (from cash flow)
MTG dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ORI Old Republic International Corp | 2.94% | $1.04 | 43.3% |
| RDN Radian Group Inc | 2.73% | $0.96 | 24.7% |
| HTH Hilltop Holdings Inc | 2.13% | $0.67 | 41.1% |
| AIG American International Group Inc | 1.97% | $1.52 | N/A |
| MTG Mgic Investment Corp | 1.86% | $0.48 | 17.5% |
| ESNT Essent Group Ltd | 1.78% | $1.09 | 15.6% |
Frequently asked questions
Does Mgic Investment pay a dividend?
Yes, Mgic Investment has been paying dividends for the last five years.
When was MTG's last dividend?
Mgic Investment's last regular dividend was on Aug 8, 2024 (ex-date) with the amount of $0.13 per share.
How much dividend does Mgic Investment pay (per share)?
MTG's annualized dividend per share is $0.48.
What is Mgic Investment's dividend yield?
Mgic Investment's current dividend yield is 1.88%.
How often does Mgic Investment pay dividends?
Mgic Investment pays four dividends per year.
What is Mgic Investment's dividend payout ratio?
Mgic Investment's dividend payout ratio is 17.5%.
Does Mgic Investment pay a good dividend?
Mgic Investment's dividend yield is less than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.