MILWAUKEE, April 25,
2024 /PRNewswire/ -- MGIC Investment
Corporation (NYSE: MTG) announced its board of directors
has approved an additional share repurchase program with
authorization to purchase up to $750 million of its common stock.
The company is authorized to repurchase shares of its common
stock from time to time through privately negotiated, open market
or other transactions (including through the use of trading plans
intended to qualify under Rule 10b5-1 under the Securities Exchange
Act of 1934, as amended) at any time prior to December 31, 2026. The share repurchase program
may be suspended or discontinued at any time and does not require
the company to acquire any amount of common stock.
The company also announced that its board of directors declared
a quarterly cash dividend of $0.115 per share payable
on May 21, 2024, to shareholders of record as of May 9,
2024.
As previously announced, the company will hold a conference
call/webcast on Thursday, May 2,
2024, to discuss the results for the quarter ended
March 31, 2024.
About MGIC
Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com),
the principal subsidiary of MGIC Investment Corporation,
serves lenders throughout the United
States, helping families achieve homeownership sooner by
making affordable low-down-payment mortgages a reality through the
use of private mortgage insurance.
From time-to-time MGIC Investment Corporation releases
important information via postings on its corporate website, and
via postings on MGIC's website, and it intends to continue to do so
in the future. Such postings include corrections of previous
disclosures and may be made without any other disclosure. Investors
and other interested parties are encouraged to enroll to receive
automatic email alerts and Really Simple Syndication (RSS) feeds
regarding new postings. Enrollment information for MGIC
Investment Corporation alerts can be found
at https://mtg.mgic.com/shareholder-services/email-alerts. For
information about our underwriting and rates,
see https://www.mgic.com/underwriting.
View original
content:https://www.prnewswire.com/news-releases/mgic-investment-announces-additional-750-million-share-repurchase-program-and-quarterly-dividend-of-0-115-per-share-302127887.html
SOURCE MGIC Investment Corporation