Mgic Investment's last quarterly dividend was on Aug 10, 2022 (ex-date) with a distribution of $0.1 per share. On an annualized basis, the company has a current payout of $0.34 per share. This brings the dividend yield to 2.54% based on its recent close price. The latest dividend has grown by $0.02, or 25% from the previous dividend.
Mgic Investment's dividend yield of 2.54% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.89%, Mgic Investment's dividend yield is 12% 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 31% since one year ago. And with the stock price down by 13% from a year ago, the dividend yield has grown by 51%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 14.3% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 30.2%, Mgic Investment's payout ratio is 53% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| RDN Radian Group Inc | 3.51% | $0.74 | 18.9% |
| AIG American International Group Inc | 2.48% | $1.28 | 8.3% |
| MTG Mgic Investment Corp | 2.46% | $0.34 | 14.3% |
| ESNT Essent Group Ltd | 2.16% | $0.82 | 10% |
| HTH Hilltop Holdings Inc | 2.15% | $0.57 | 21.2% |
Yes, Mgic Investment has been paying dividends for the last three 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 November 2022.
Mgic Investment's last regular dividend was on Aug 10, 2022 (ex-date) with the amount of $0.1 per share.
MTG's annualized dividend per share is $0.34.
Mgic Investment's current dividend yield is 2.54%.
Mgic Investment pays four dividends per year.
Mgic Investment's dividend payout ratio is 14.3%.
Mgic Investment's dividend yield is less than the Financial Services sector average.