GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (NYSE:MTG) » Definitions » 3-Year Dividend Growth Rate

MTG (MGIC Investment) 3-Year Dividend Growth Rate : 21.50% (As of Jun. 2024)


View and export this data going back to 1991. Start your Free Trial

What is MGIC Investment 3-Year Dividend Growth Rate?

MGIC Investment's Dividends per Share for the three months ended in Jun. 2024 was $0.12.

The historical rank and industry rank for MGIC Investment's 3-Year Dividend Growth Rate or its related term are showing as below:

MTG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -47.7   Med: 17.05   Max: 106.8
Current: 21.5

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MGIC Investment was 106.80% per year. The lowest was -47.70% per year. And the median was 17.05% per year.

MTG's 3-Year Dividend Growth Rate is ranked better than
82.13% of 235 companies
in the Insurance industry
Industry Median: 7.7 vs MTG: 21.50

During the past 12 months, MGIC Investment's average Dividends Per Share Growth Rate was 15.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

MGIC Investment's Dividend Payout Ratio for the three months ended in Jun. 2024 was 0.15. As of today, MGIC Investment's Dividend Yield % is 1.90%.

Warning Sign:

MGIC Investment Corp stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of MGIC Investment's 3-Year Dividend Growth Rate

For the Insurance - Specialty subindustry, MGIC Investment's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MGIC Investment's 3-Year Dividend Growth Rate Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MGIC Investment's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where MGIC Investment's 3-Year Dividend Growth Rate falls into.



MGIC Investment 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


MGIC Investment  (NYSE:MTG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

MGIC Investment's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2024 )/ EPS without NRI (Q: Jun. 2024 )
=0.115/ 0.77
=0.15

During the past 13 years, the highest Dividend Payout Ratio of MGIC Investment was 0.18. The lowest was 0.07. And the median was 0.15.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

MGIC Investment Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1300002024-08-082024-08-082024-08-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.1150002024-05-082024-05-092024-05-21Cash DividendquarterlyUSD:USD 1.000000
USD 0.1150002024-02-142024-02-152024-03-05Cash DividendquarterlyUSD:USD 1.000000
USD 0.1150002023-11-082023-11-092023-11-28Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

MGIC Investment's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.475/25.04
=1.90 %

Current Share Price is $25.04.
MGIC Investment's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.475.

During the past 13 years, the highest Dividend Yield of MGIC Investment was 3.62%. The lowest was 0.42%. And the median was 2.16%.

Warning Sign:

MGIC Investment Corp stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MGIC Investment 3-Year Dividend Growth Rate Related Terms>


MGIC Investment Business Description

Traded in Other Exchanges
Address
250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Executives
Michael Leal Thompson director 4 BRIDGET COURT, BURR RIDGE IL 60527
Analisa M Allen director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Teresita M. Lowman director 2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029
Jodee A Kozlak director 1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Jay C. Hartzell director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Sheryl L. Sculley director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Gary A. Poliner director C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Daniel A. Arrigoni director C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202
James J. Hughes officer: SVP-Sales & Bus. Development C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Michael E Lehman director
Julie K. Sperber officer: VP-Controller & Chief Acct Off MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Patrick Sinks officer: Executive Vice President 250 E KILBOURN AVE, MILWAUKEE WI 53202
Steven M. Thompson officer: EVP&CRO-Mort Gty Ins Corp 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Nathaniel H Colson officer: Executive Vice President & CFO C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Robert J Candelmo officer: SVP-Chief Information Officer 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202