MGIC declares small dividend

MGIC Investment Corp.’s board of directors declared that the company would pay a dividend of 25 cents per share on Sept. 2. MGIC’s stock has been battered by the housing crisis and economic slowdown. Earlier this month, the company reported a $97.9 million net loss for the quarter ending June 30 and a $132.3 million during the first six months of 2008. At the time, Curt Culver, chairman and CEO of MGIC, said that delinquencies and foreclosures remain at elevated levels resulting from lower home values and a softening economy and as a result continue to impact the company’s financial results.

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