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MTG Mgic Investment dividend history, payout ratio & dates

Mgic Investment's last dividend was on Aug 8, 2024 (ex-date) with a distribution of $0.13 per share. On an annualized basis, the company has a current payout of $0.48 per share. This brings the dividend yield to 1.88% based on its recent close price. The latest dividend has grown by $0.02, or 13% from the previous dividend.

Key dates

  • MTG last dividend date: Aug 8, 2024
MTG dividend stats
DPS
$0.48
Dividend yield
1.86%
Payout ratio
17.5%
vs. Financial Services sector
Dividend yield
2.78%
Payout ratio
43.2%

Dividend yield

What is Mgic Investment current dividend yield

Mgic Investment's dividend yield of 1.88% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.78%, Mgic Investment's dividend yield is 32% lower. The current dividend yield is less than the historical average of 2.2% 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 14% since one year ago. But with the stock price up by 53% from a year ago, the dividend yield marks a decrease of 25%.

Recent dividends

Ex-date Amount Yield (TTM)
Aug 8, 2024 $0.13 2.02%
May 8, 2024 $0.115 2.2%
Feb 14, 2024 $0.115 2.3%
Nov 8, 2023 $0.115 2.47%
Aug 9, 2023 $0.115 2.3%
May 10, 2023 $0.1 2.73%
Feb 16, 2023 $0.1 2.71%
Nov 9, 2022 $0.1 2.72%
Aug 10, 2022 $0.1 2.31%
May 11, 2022 $0.08 2.47%
Feb 15, 2022 $0.08 1.9%
Nov 9, 2021 $0.08 1.83%
Aug 11, 2021 $0.08 1.76%
May 12, 2021 $0.06 1.8%
Feb 16, 2021 $0.06 1.88%
Nov 9, 2020 $0.06 2.17%
Aug 10, 2020 $0.06 2.67%
May 8, 2020 $0.06 3.37%
Feb 10, 2020 $0.06 1.27%
Nov 7, 2019 $0.06 0.86%
Aug 29, 2019 $0.06 0.48%

Mgic Investment dividend payout ratio

What is Mgic Investment dividend payout ratio compared to the sector

Payout ratio

Mgic Investment's payout ratio of 17.5% is below the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 43.2%, Mgic Investment's payout ratio is 59% 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
ORI Old Republic International Corp 2.94% $1.04 43.3%
RDN Radian Group Inc 2.73% $0.96 24.7%
HTH Hilltop Holdings Inc 2.13% $0.67 41.1%
AIG American International Group Inc 1.97% $1.52 N/A
MTG Mgic Investment Corp 1.86% $0.48 17.5%
ESNT Essent Group Ltd 1.78% $1.09 15.6%

Frequently asked questions

Does Mgic Investment pay a dividend?

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

When was MTG's last dividend?

Mgic Investment's last regular dividend was on Aug 8, 2024 (ex-date) with the amount of $0.13 per share.

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

MTG's annualized dividend per share is $0.48.

What is Mgic Investment's dividend yield?

Mgic Investment's current dividend yield is 1.88%.

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 17.5%.

Does Mgic Investment pay a good dividend?

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

Special dividends are included in TTM DPS and yield. Data from and Sharadar.