MGIC Investment stock rises toward a 15-year high as dividend increase boosts yield above 2.7%

Shares of MGIC Investment Corp. MTG rose 0.4% toward a 15-year high, after the mortgage insurance company raised its dividend by 15%. Shareholders of record on Aug. 10 will be paid, on Aug. 24, a quarterly dividend of 11.5 cents a share, which is up from a previous dividend of 10.0 cents a share. At the current stock price, the new annual dividend rate implies a dividend yield of 2.72%, which compares with the implied yield for the S&P 500 SPX of 1.51%. MGIC’s stock has rallied 30.

... Shares of MGIC Investment Corp. MTG rose 0.4% toward a 15-year high, after the mortgage insurance company raised its dividend by 15%. Shareholders of record on Aug. 10 will be paid, on Aug. 24, a quarterly dividend of 11.5 cents a share, which is up from a previous dividend of 10.0 cents a share. At the current stock price, the new annual dividend rate implies a dividend yield of 2.72%, which compares with the implied yield for the S&P 500 SPX of 1.51%. MGIC’s stock has rallied 30.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

RTX stock slips after BofA downgrades on 1st day of company’s new nameShares of RTX Corp. formerly known as Raytheon Technologies Corp., slipped 0.2% in morning trading Thursday on the first day under the aerospace and defense...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Alphabet earnings push stock up 6%, CFO Porat to become president, chief investment officerGoogle parent Alphabet’s stock jumped 6% in after-hours trading after $GOOGL beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officerRuth Porat, who has played an essential role in Google’s advertising success since she became CFO in 2015, will start her new role as president and chief investment officer on Sept. 1.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Investment firm Low Carbon secures $513 million for renewables projectsBritish renewable energy investment firm Low Carbon said on Tuesday it had secured up to 400 million pounds ($513 million) of capital from life insurance company MassMutual to finance renewable energy projects in the UK, Europe and North America.
Fonte: ReutersScience - 🏆 559. / 51 Consulte Mais informação »