Ex-Dividend Date Insight: MGIC Investment
MGIC Investment (NYSE:MTG) declared a dividend payable on March 3, 2021 to its shareholders as of January 26, 2021. It was also announced that shareholders of MGIC Investment's stock as of February 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. MGIC Investment, which has a current dividend per share of $0.06, has an ex-dividend date scheduled for February 16, 2021. That equates to a dividend yield of 1.92% at current price levels.
What Is An Ex-Dividend Date?
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding MGIC Investment's Dividend History
Over the past year, MGIC Investment has seen its dividend payouts remain the same and its yields climb upward overall. Last year on February 10, 2020 the company's payout sat at $0.06, which has returned to its value today. MGIC Investment's dividend yield last year was 1.76%, which has since grown by 0.16%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on MGIC Investment's previous dividends.
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