#United States #dividends #Milwaukee #MGIC Investment #Mortgage Guaranty Insurance

MGIC Investment Corporation Declares Quarterly Dividend of $0.13 per Share

On January 28, 2025, MGIC Investment Corporation (NYSE: MTG) made an important announcement regarding its financial returns to shareholders. The company’s Board of Directors has declared a quarterly cash dividend of $0.13 per share. This payment reflects MGIC’s commitment to delivering value to its shareholders while ensuring sustainable growth.

Dividend Payable Date

The declared dividend is set to be distributed on March 5, 2025. To be eligible for this dividend, shareholders must be on record by February 18, 2025. This procedure aligns with industry standards and demonstrates the company's transparent approach to shareholders, allowing them to plan their investments wisely with a clear understanding of the timelines involved.

About MGIC Investment Corporation

MGIC Investment Corporation operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC). This entity plays a pivotal role in offering lenders throughout the United States the ability to provide affordable mortgage options. By facilitating low down-payment mortgages, MGIC helps more families achieve homeownership sooner. The inclusion of private mortgage insurance is a key component in making homeownership more accessible.

With a reputation for reliability and financial strength, MGIC has established itself as a trusted partner for lenders and homebuyers alike. The corporation has continued to leverage innovative solutions to cater to the evolving needs of its clientele, adapting to the dynamic housing market while ensuring stability for its investors.

Importance of This Dividend Declaration

The declaration of dividends sends a strong message regarding the company’s financial health and commitment to returning value to its shareholders. It indicates MGIC's steady performance in the competitive finance sector, especially given the challenges many companies face in today’s economic landscape. Regular dividend payments are often viewed favorably by investors, as they provide a source of income and signal that the company is on solid financial ground.

Future Communications

MGIC continues to emphasize transparency and communication with its investors. The corporation has plans to keep stakeholders informed through regular updates on its corporate website, ensuring that all interested parties remain apprised of important announcements. Investors are encouraged to subscribe to receive automatic email alerts, allowing them to stay updated on essential disclosures and company strategies.

In conclusion, MGIC Investment Corporation is poised for ongoing success, with the recently declared quarterly dividend of $0.13 per share showcasing not only its financial strength but also its dedication to its shareholders. By supporting families in their quest for homeownership, MGIC plays a vital part in the U.S. housing market, all while maintaining a strong commitment to shareholder returns.

For further details on MGIC's underwriting practices and rates, visit MGIC's website.