Investing.com - Financial Markets Worldwide

MGIC Investment raises quarterly dividend by 15% to $0.15 per share

Published 24/07/2025, 18:08
MGIC Investment raises quarterly dividend by 15% to $0.15 per share
MTG
0.55%

MILWAUKEE - MGIC Investment Corporation (NYSE:MTG) announced Thursday that its Board of Directors has approved a 15% increase in its quarterly cash dividend to $0.15 per share, up from the previous $0.13 per share. This marks the company’s 6th consecutive year of dividend increases, with the current yield standing at 2.02%.

The dividend will be payable on August 21, 2025, to shareholders of record as of August 7, 2025, according to a company press release.

MGIC Investment is the parent company of Mortgage Guaranty Insurance Corporation (MGIC), which provides private mortgage insurance to lenders throughout the United States. The company helps facilitate homeownership by making low-down-payment mortgages more accessible through its insurance products.

The dividend increase represents the company’s latest capital return to shareholders. MGIC Investment did not provide specific reasons for the dividend hike in its announcement.

The company communicates important information through its corporate website and encourages investors to enroll for automatic email alerts regarding new postings.

In other recent news, MGIC Investment Corp reported its first-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.75, beating the forecasted $0.69. However, MGIC Investment slightly missed revenue expectations. Despite this, the company’s robust financial performance and strategic initiatives in the housing market have been well-received by investors. In related developments, Keefe, Bruyette & Woods raised its price target for MGIC Investment to $27 from $26, maintaining a Market Perform rating. The research firm highlighted expectations of higher relative returns on equity due to the current interest rate environment. These recent developments reflect ongoing investor interest and analyst attention towards MGIC Investment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.