Genworth MI Canada Inc (TSE:MIC) declared a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.47 per share on Wednesday, March 7th. This represents a $1.88 annualized dividend and a yield of 4.59%. The ex-dividend date is Thursday, February 15th. This is an increase from Genworth MI Canada’s previous quarterly dividend of $0.44.

Genworth MI Canada (TSE:MIC) opened at C$40.95 on Friday. Genworth MI Canada has a 52 week low of C$30.38 and a 52 week high of C$44.49. The stock has a market capitalization of $3,720.00, a PE ratio of 7.12 and a beta of 1.64.

Several equities analysts have issued reports on MIC shares. National Bank Financial lifted their target price on Genworth MI Canada from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 24th. Scotiabank lifted their target price on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th. CIBC lowered Genworth MI Canada from an “outperform” rating to a “neutral” rating and lifted their target price for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. BMO Capital Markets lifted their target price on Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities lowered Genworth MI Canada from a “buy” rating to a “hold” rating and lifted their target price for the company from C$45.00 to C$46.00 in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$46.50.

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About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Dividend History for Genworth MI Canada (TSE:MIC)

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