Mgic Investment's last quarterly dividend was on Nov 9, 2022 (ex-date) with a distribution of $0.1 per share. On an annualized basis, the company has a current payout of $0.36 per share. This brings the dividend yield to 2.54% based on its recent close price.
Mgic Investment's dividend yield of 2.54% 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 2.72%, Mgic Investment's dividend yield is 7% lower.
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 29% since one year ago. And with the stock price down by 6% from a year ago, the dividend yield has grown by 37%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
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 13.2% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 31.1%, Mgic Investment's payout ratio is 58% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
RDN Radian Group Inc | 3.68% | $0.8 | 17.9% |
MTG Mgic Investment Corp | 2.54% | $0.36 | 13.2% |
AIG American International Group Inc | 2.02% | $1.28 | 7.5% |
ESNT Essent Group Ltd | 2% | $0.86 | 10.7% |
HTH Hilltop Holdings Inc | 1.85% | $0.6 | 29.6% |
Yes, Mgic Investment has been paying dividends for the last three years.
MTG has announced its next dividend with ex-date Feb 16, 2023.
Mgic Investment's last regular dividend was on Nov 9, 2022 (ex-date) with the amount of $0.1 per share.
MTG's annualized dividend per share is $0.36.
Mgic Investment's current dividend yield is 2.54%.
Mgic Investment pays four dividends per year.
Mgic Investment's dividend payout ratio is 13.2%.
Mgic Investment's dividend yield is less than the Financial Services sector average.