millionaire, your post disappeared for a couple of days. Now it's back. No big deal. Just seems odd to me.
I bought more today. 5% is a good yield. IMO the dividend is rock solid and will increase every year. I realize that .01 per year increases in the dividend aren't much. But this is a company that insured sub-prime loans before the bubble burst. What were the odds that they'd survive, much less INCREASE the dividend in the middle of the crisis?! They are now much stronger financially.
Just my take but I don't think the company will increase the dividend by a larger amount until they go back to paying 100% on their mortgage insurance obligation. The two are not directly tied, but I think the company will want it to happen that way. Currently they are paying 60% on the dollar on their mortgage insurance claims and accruing the balance for a future payoff. I am hoping they will go back to paying 100% on the mortgage insurance claims in 2014. So I am expecting 2014 to be another .01 dividend increase, with larger increases starting in 2015. In the meantime 5% is a good yield level, even without any increases.