MGIC Investment Delivers Strong Performance and Growing Profits, Elevating Investor Returns
Portfolio Pulse from Benzinga Insights
MGIC Investment (NYSE:MTG) is distributing a dividend of $0.12 per share with an annualized yield of 2.78%. Shareholders as of November 08, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $0.24 in 2020 to $0.36 in 2022, and earnings per share growth from $1.78 to $2.88 over the same period. This suggests financial health and potential for future dividend increases. Greystone Housing Impact (NYSE:GHI) has the highest yield in the industry at 8.80%.
November 28, 2023 | 3:05 pm
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NEUTRAL IMPACT
Greystone Housing Impact has the highest annualized dividend yield in the industry at 8.80%, compared to MGIC Investment's 2.78%.
While GHI is mentioned as having a higher yield than MTG, there is no specific news about GHI's financials or dividend changes, making the short-term impact on its stock price neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
MGIC Investment is distributing a $0.12/share dividend with a 2.78% yield. The company's consistent dividend growth and increased earnings suggest a strong financial position.
The positive trend in dividend growth and earnings per share indicates a strong financial performance, which is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on MTG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100