MGIC Investment Launches $750 Million Buyback and $0.15 Dividend
The board approved an additional $750 million share repurchase program available until December 31, 2028, under Rule 10b5-1 trading plans. It also declared a $0.15 per share quarterly dividend payable May 21, 2026 to shareholders of record on May 6, 2026.
1. Additional $750M Share Repurchase Program
The board authorized repurchasing up to $750 million of common stock through open-market, privately negotiated or Rule 10b5-1 trading plans at any time before December 31, 2028. The program may be suspended or discontinued at the company’s discretion and does not obligate any minimum purchase.
2. Quarterly Dividend Declared
Directors declared a $0.15 per share cash dividend payable May 21, 2026 to shareholders of record on May 6, 2026, continuing the firm’s policy of regular capital returns to investors.
3. Upcoming Q1 Conference Call
MGIC will host a webcast and conference call on April 30, 2026 to discuss first-quarter results for the period ended March 31, providing updates on financial performance and strategic initiatives.