Published on 9 Feb 2024 on Simply Wall St. via Yahoo Finance

MGIC Investment Corporation (NYSE:MTG) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

MGIC Investment Corporation (NYSE:MTG) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase MGIC Investment's shares on or after the 14th of February, you won't be eligible to receive the dividend, when it is paid on the 5th of March.

The company's next dividend payment will be US$0.115 per share. Last year, in total, the company distributed US$0.46 to shareholders. Last year's total dividend payments show that MGIC Investment has a trailing yield of 2.4% on the current share price of US$18.93. If you buy this business for its dividend, you should have an idea of whether MGIC Investment's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for MGIC Investment