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MTG Mgic Investment dividend history, payout ratio & dates

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.

Key dates

  • MTG last dividend date: Aug 10, 2022
  • MTG next dividend date: Not announced
MTG dividend stats
DPS
$0.34
Dividend yield
2.46%
Payout ratio
14.3%
vs. Financial Services sector
Dividend yield
2.89%
Payout ratio
30.2%

Dividend yield

What is Mgic Investment current dividend yield

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.

Dividend history

What is MTG dividend payout history and dates

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%.

Recent dividends

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 dividend payout ratio

What is Mgic Investment dividend payout ratio compared to the sector

Payout ratio

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.

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 3.51% $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%

Frequently asked questions

Does Mgic Investment pay a dividend?

Yes, Mgic Investment has been paying dividends for the last three 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 November 2022.

When was MTG's last dividend?

Mgic Investment's last regular dividend was on Aug 10, 2022 (ex-date) with the amount of $0.1 per share.

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

MTG's annualized dividend per share is $0.34.

What is Mgic Investment's dividend yield?

Mgic Investment's current dividend yield is 2.54%.

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 14.3%.

Does Mgic Investment pay a good dividend?

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