MGIC Investment's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MGIC Investment (NYSE:MTG) has announced a quarterly dividend of 11.5 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 11.5 cents lower to reflect the payout. Shareholders who own MTG as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 24, 2023.
August 04, 2023 | 3:40 pm
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MGIC Investment's stock will likely open lower on Wednesday due to the ex-dividend date. The dividend payout may attract more investors, potentially increasing the stock's demand.
The ex-dividend date often leads to a temporary drop in a company's stock price, reflecting the amount of the dividend to be paid out. However, the announcement of a dividend can also attract new investors, potentially increasing demand for the stock in the short term.
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