MILWAUKEE, Oct. 25 /PRNewswire-FirstCall/ — MGIC Investment Corporation’s (NYSE:MTG) Board of Directors today declared a quarterly cash dividend of $0.025 per share. The dividend is a decrease of $0.225 per share from the prior quarterly dividend of $0.25 per share which was declared in July 2007.
The dividend is payable December 3, 2007, to shareholders of record on November 9, 2007.
About MGIC Investment Corp.
MGIC (http://www.mgic.com/), the principal subsidiary of MGIC Investment Corporation, is the nation’s leading provider of private mortgage insurance coverage with $196.6 billion primary insurance in force covering 1.37 million mortgages as of September 30, 2007. MGIC serves 5,000 lenders with locations across the country and in Puerto Rico, Guam and Australia, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.
First Call Analyst:
Source: MGIC Investment Corporation