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MTG Mgic Investment Corp Dividend

Mgic Investment's last quarterly dividend was on Nov 9, 2021 (ex-date) with a distribution of $0.08 per share. On an annualized basis, the company has a current payout of $0.28 per share. This brings the dividend yield to 1.93% based on its recent close price.

MTG next dividend date: Not announced

MTG
DPS
$0.28
Dividend yield
1.93%
Payout ratio
15.6%
Financial Services sector
Dividend yield
2.38%
Payout ratio
32.1%

Dividend yield

Mgic Investment's dividend yield of 1.93% is lower than the Financial Services sector, the industry and its peers average.

Dividend history

Mgic Investment has a long dividend history, including the last two 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 18% from a year ago, the dividend yield marks a decrease of 1.2%.

Recent dividends

Declared on Ex-date Payment date Amount Type
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

Dividend payouts

Payout ratio

Mgic Investment's payout ratio of 15.6% is below the Financial Services sector, the industry and its peers average.

Total amount of dividends paid per financial year (from cash flow)