MGIC Investment Corporation (MTG) Raises Dividend to $0.17 per Share Amid Lower Operating Expense Outlook
MGIC Investment Corporation (NYSE: MTG) reported Q2 2026 net income of $182 million and an annualized return on equity of 14.5%. CEO Timothy Mattke highlighted a rise in book value per share to $24.27, signaling strong performance for the quarter. The company expects its operating expenses for 2026 to fall toward the lower end of its previously stated range of $190 million to $200 million. In addition, MGIC announced an increase in its quarterly dividend from $0.15 per share to $0.17 per share. These developments reflect a strategic focus on cost efficiency and shareholder returns amid favorable market conditions for the mortgage insurance sector.
Tickers: $MTG
Topics: Book Value Earnings Management Commentary Return on Equity