MGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.13 Per Share | MTG Stock News

1 day ago

MGIC Investment Corporation (MTG, Financial) announces a $750 million share repurchase program.
A quarterly dividend of $0.13 per share is declared, payable on May 21, 2025.
A conference call to discuss Q1 2025 results is scheduled for May 1, 2025.

MGIC Investment Corporation (MTG) has unveiled two key financial strategies aimed at enhancing shareholder value. The company's board of directors has sanctioned an additional share repurchase program, authorizing the buyback of up to $750 million of its common stock. This program is set to be in effect until December 31, 2027, and will be executed through various transaction methods, including privately negotiated purchases and open market transactions, with the flexibility for the company to suspend or discontinue the program at any time.

In tandem with the repurchase strategy, MGIC Investment has declared a quarterly cash dividend of $0.13 per share. The dividend is scheduled to be paid on May 21, 2025, to those who are shareholders of record as of May 8, 2025.

Furthermore, the company has arranged a conference call and webcast on May 1, 2025, to present and discuss its financial results for the first quarter ending March 31, 2025. Interested parties are encouraged to join the call to gain insights into the financial performance and future directions of MGIC Investment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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