MGIC Investment Corporation
MTGFinancial Services · Insurance - Specialty · Stock · quarterly payer
Forward Yield
2.44%
Annual Dividend
$0.68
Payout Ratio
19%
5-Yr Growth
18.5%
Ex-Date
Aug 5, 2026
Frequency
Quarterly
Key facts about MTG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, MGIC Investment Corporation (MTG) has a forward dividend yield of 2.44%, based on an annual dividend of $0.68 per share and a share price of $27.85.
- As of Oct 18, 2026, MTG's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, MGIC Investment Corporation (MTG) has raised its dividend for 5 consecutive years as of Oct 18, 2026.
- MTG last cut its regular dividend in 2007.
- MTG's most recent ex-dividend date was Aug 5, 2026, for a dividend of $0.17 per share.
- As of Oct 18, 2026, MTG pays out 19% of its trailing 12-month earnings as dividends (its payout ratio).
- MTG's dividend has grown at an average rate of 18.5% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MTG is $27.86 per share, 0% above the $27.85 share price, so MTG screens as fairly valued.
- MGIC Investment Corporation (MTG) pays its dividend quarterly, 4 times a year.
- MGIC Investment Corporation (MTG) has raised its regular dividend 12 times and cut it 1 time across the 97 payments on record since 1991. Its most recent change was a 13.3% increase to $0.170 per share, going ex-dividend on Aug 5, 2026. The last cut went ex-dividend on Nov 7, 2007.
Cite this page
SmarterDividends, "MTG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MTG
Summary
As of Oct 18, 2026, MGIC Investment Corporation (MTG) yields 2.44% ($0.68 a year per share), has a dividend safety grade of A (81/100) and has 5 consecutive years of dividend increases on record.
Is MTG a good dividend stock?
YesMGIC Investment Corporation (MTG) pays a quarterly dividend yielding 2.44% ($0.68/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (19%)
- Strong 18.5% 5-yr dividend growth
- 98% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2007
Key Data
- Dividend Yield
- 2.44%
- Payout Ratio
- 19%
- Annual Dividend
- $0.68
- 5-Yr Avg Growth
- 18.5%
- Ex-Dividend Date
- Aug 5, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.67
- Market Cap
- $5.7B
- P/E Ratio
- 8.7
- 5-Yr Total Return
- 98%
- 52-Week Range
- $24.69 – $31.89
- Dividend Safety
- A · 81/100
- Ever Cut?
- Yes (2007)
MTG dividend raises and cuts
MGIC Investment Corporation (MTG) has raised its regular dividend 12 times and cut it 1 time across the 97 payments on record since 1991. Its most recent change was a 13.3% increase to $0.170 per share, going ex-dividend on Aug 5, 2026. The last cut went ex-dividend on Nov 7, 2007.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 5, 2026 | Raise | $0.150 → $0.170 | +13.3% |
| Aug 7, 2025 | Raise | $0.130 → $0.150 | +15.4% |
| Aug 8, 2024 | Raise | $0.115 → $0.130 | +13.0% |
| Aug 9, 2023 | Raise | $0.100 → $0.115 | +15.0% |
| Aug 10, 2022 | Raise | $0.0800 → $0.100 | +25.0% |
| Aug 11, 2021 | Raise | $0.0600 → $0.0800 | +33.3% |
| Nov 7, 2007 | Cut | $0.250 → $0.0250 | −90.0% |
| Feb 8, 2006 | Raise | $0.150 → $0.250 | +66.7% |
| May 20, 2005 | Raise | $0.0750 → $0.150 | +100.0% |
| Aug 10, 2004 | Raise | $0.0380 → $0.0750 | +97.4% |
| Nov 6, 2003 | Raise | $0.0250 → $0.0380 | +52.0% |
| May 15, 1997 | Raise | $0.0200 → $0.0250 | +25.0% |
Show all 13 changes since 1993
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 5, 1993 | Raise | $0.0175 → $0.0200 | +14.3% |
Frequently Asked Questions
Is MTG a good dividend stock?
Yes. MGIC Investment Corporation (MTG) pays a quarterly dividend yielding 2.44% ($0.68/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is MTG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MTG's fair value is about $27.86 versus a $27.85 share price — so it looks fairly valued (+0% vs. fair value).
Is MTG's dividend safe?
MTG has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2007, debt and yield-versus-history.
What is MTG's fair value?
Our blended fair-value estimate for MTG is about $27.86 per share, roughly 0% above the current $27.85 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MTG a buy, hold, or sell?
We don't issue formal ratings, but on the data MTG screens as "yes" and fairly valued. MGIC Investment Corporation (MTG) pays a quarterly dividend yielding 2.44% ($0.68/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will MTG cut its dividend?
MTG earns a dividend-safety grade of A (81/100), and has cut its dividend before (last in 2007). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MTG pay a dividend?
Yes. MGIC Investment Corporation pays a quarterly dividend of about $0.68 per share annually, a forward yield of roughly 2.44%.
What is MTG's dividend yield?
As of Oct 18, 2026, MTG's forward dividend yield is 2.44%, based on a $0.68 annual dividend and a $27.85 share price.
What is MTG's dividend per share?
As of Oct 18, 2026, MTG pays $0.68 per share per year, distributed on a quarterly basis.
What is MTG's dividend payout ratio?
As of Oct 18, 2026, MTG's payout ratio is 19% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has MTG grown its dividend?
As of Oct 18, 2026, MTG has increased its dividend for 5 consecutive years.
When is the next MTG ex-dividend date?
As of Oct 18, 2026, MTG's next ex-dividend date hasn't been announced. The most recent was Aug 5, 2026, for $0.17 per share.
MTG Price — Last 12 Months
Daily close
Price Return
1 Year
-2%
3 Years
+58%
5 Years
+98%
52-Week Range
$24.69 – $31.89
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MTG worth?
Fairly valuedlow confidenceOur blended fair-value estimate for MGIC Investment Corporation is $27.86 per share, versus a market price of $27.85. That implies the stock is roughly fairly priced.
Fair Value
$27.86
Current Price
$27.85
Gap
+0%
Margin of Safety
0%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 3.5% growth for five years fading to 2.5% over the next five, $3.20 EPS, $0.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MTG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MTG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 5, 2026 | Aug 20, 2026 | $0.1700 | regular |
| May 6, 2026 | May 21, 2026 | $0.1500 | regular |
| Feb 17, 2026 | Mar 6, 2026 | $0.1500 | regular |
| Nov 6, 2025 | Nov 20, 2025 | $0.1500 | regular |
| Aug 7, 2025 | Aug 21, 2025 | $0.1500 | regular |
| May 8, 2025 | May 21, 2025 | $0.1300 | regular |
| Feb 18, 2025 | Mar 5, 2025 | $0.1300 | regular |
| Nov 7, 2024 | Nov 21, 2024 | $0.1300 | regular |
| Aug 8, 2024 | Aug 22, 2024 | $0.1300 | regular |
| May 8, 2024 | May 21, 2024 | $0.1150 | regular |
| Feb 14, 2024 | Mar 5, 2024 | $0.1150 | regular |
| Nov 8, 2023 | Nov 28, 2023 | $0.1150 | regular |
| Aug 9, 2023 | Aug 24, 2023 | $0.1150 | regular |
| May 10, 2023 | May 25, 2023 | $0.1000 | regular |
Income Calculator
At $0.68 / yr per share
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