MGIC approves $750 million share buyback program and $0.15 dividend

MGIC Investment Corporation (NYSE: MTG) announced its board of directors approved an additional share repurchase program authorizing the purchase of up to $750 million of common stock, according to a company statement.

The mortgage insurance company can repurchase shares through privately negotiated transactions, open market purchases, or other methods, including trading plans under Rule 10b5-1 of the Securities Exchange Act. The program extends through December 31, 2028, and may be suspended or discontinued at any time without requiring the company to acquire any specific amount of stock.

The board also declared a quarterly cash dividend of $0.15 per share, payable May 21, 2026, to shareholders of record as of May 6, 2026.

MGIC Investment Corporation operates through its principal subsidiary, Mortgage Guaranty Insurance Corporation, which provides mortgage insurance solutions for lenders and investors. The company enables borrowers to qualify for mortgages with lower down payments through its insurance products.

The company plans to hold a conference call on April 30, 2026, to discuss first-quarter 2026 results for the period ended March 31, 2026.

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