Back to MTG overview

MTG Mgic Investment dividend history, payout ratio & dates

Mgic Investment's last quarterly dividend was on Feb 14, 2024 (ex-date) with a distribution of $0.115 per share. On an annualized basis, the company has a current payout of $0.45 per share. This brings the dividend yield to 2.24% based on its recent close price.

Key dates

  • MTG last dividend date: Feb 14, 2024
  • MTG next dividend date: Not announced
MTG dividend stats
DPS
$0.45
Dividend yield
2.25%
Payout ratio
17.7%
vs. Financial Services sector
Dividend yield
3.51%
Payout ratio
39.4%

Dividend yield

What is Mgic Investment current dividend yield

Mgic Investment's dividend yield of 2.24% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.47%, Mgic Investment's dividend yield is 35% lower. The current dividend yield is in line with the historical average of 2.3% of the last 5 years.

Dividend history

What is MTG dividend payout history and dates

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 17% since one year ago. But with the stock price up by 45% from a year ago, the dividend yield marks a decrease of 19%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 14, 2024 Mar 5, 2024 Jan 23, 2024 $0.115 normal
Nov 8, 2023 Nov 28, 2023 Oct 26, 2023 $0.115 normal
Aug 9, 2023 Aug 24, 2023 Jul 27, 2023 $0.115 normal
May 10, 2023 May 25, 2023 Apr 27, 2023 $0.1 normal
Feb 16, 2023 Mar 2, 2023 Jan 24, 2023 $0.1 normal
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 dividend payout ratio

What is Mgic Investment dividend payout ratio compared to the sector

Payout ratio

Mgic Investment's payout ratio of 17.7% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 39.4%, Mgic Investment's payout ratio is 55% lower.

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

MTG dividend vs peer dividends

How does MTG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
RDN Radian Group Inc 3.04% $0.92 24.1%
MTG Mgic Investment Corp 2.25% $0.45 17.7%
HTH Hilltop Holdings Inc 2.2% $0.65 38.5%
AIG American International Group Inc 1.95% $1.44 28.7%
ESNT Essent Group Ltd 1.92% $1.03 15.7%

Frequently asked questions

Does Mgic Investment pay a dividend?

Yes, Mgic Investment has been paying dividends for the last five years.

When is Mgic Investment's next dividend?

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 May 2024.

When was MTG's last dividend?

Mgic Investment's last regular dividend was on Feb 14, 2024 (ex-date) with the amount of $0.115 per share.

How much dividend does Mgic Investment pay (per share)?

MTG's annualized dividend per share is $0.45.

What is Mgic Investment's dividend yield?

Mgic Investment's current dividend yield is 2.24%.

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 17.7%.

Does Mgic Investment pay a good dividend?

Mgic Investment's dividend yield is less than the Financial Services sector average.