MGIC Investment Raises Quarterly Dividend 13.33%

MGIC Investment Corporation (NYSE: MTG) increased its quarterly dividend to $0.17 per share from $0.15, a 13.33% rise. The ex-dividend date is Aug. 5, 2026.

At the new rate, the mortgage insurer’s annualized dividend is $0.68 per share. That represents a forward yield of 2.2% based on a share price of $31.10.

The increase extends MGIC Investment’s dividend-growth streak to five consecutive years. The company previously cut its dividend in 2007, making its more recent record of consistent increases particularly relevant when assessing the stability of its cash distributions over time.

Capital returns backed by recent performance

The dividend decision follows a solid second quarter for MGIC Investment. The company reported net income of $182.1 million, or $0.86 per diluted share, and adjusted net operating income of $183.7 million, or $0.87 per diluted share. It also reported a 14.5% return on equity and said it repurchased 6.6 million shares for $176.6 million during the quarter. MGIC Investment’s second-quarter filing

Capital remained well above the private mortgage insurer eligibility requirements set by the government-sponsored housing enterprises. At June 30, MGIC reported $5.6 billion of available assets under those requirements and $2.7 billion of excess capital, alongside $930 million of holding-company liquidity. The figures provide context for the board’s capacity to combine dividends with share repurchases, though future distributions remain subject to board approval and business conditions. MGIC Investment’s second-quarter filing

MGIC Investment is the parent of Mortgage Guaranty Insurance Corporation, which provides insurance protecting mortgage investors from credit losses and helps support low-down-payment home loans. MGIC investor overview

What it means for income investors

For shareholders, the increase lifts quarterly cash income by $0.02 per share and annualized income to $0.68 per share. The 2.2% forward yield is modest relative to higher-yielding financial stocks, but the five-year growth streak and a dividend safety score of 79, graded A, indicate a comparatively strong distribution profile under the supplied methodology. The earlier 2007 cut remains a reminder that mortgage-insurance dividends can be sensitive to housing and credit cycles.