The adjustment brings the mortgage insurer’s total annual distribution to $1.40 per share. Based on Thursday’s closing price of $65.64, the new payout represents an annual yield of approximately 2.13%, a significant step up from the previous 1.89% yield.

Timeline for Distribution

The Hamilton, Bermuda-based firm confirmed that the increased dividend is scheduled for payment on March 23. According to the company’s announcement, investors must be shareholders of record by the close of business on March 13 to qualify for the distribution.

This latest capital allocation move underscores the company’s current strategy of returning value to shareholders. The board's decision follows a period of steady performance for the insurer, which continues to manage its portfolio from its primary administrative base in the Atlantic territory.