MGIC Investment Corporation
MTGFinancial Services · Stock · quarterly payer
Forward Yield
2.19%
Annual Dividend
$0.68
Payout Ratio
19%
5-Yr Growth
18.5%
Ex-Date
Aug 5, 2026
Frequency
Quarterly
Summary
As of September 2026, MGIC Investment Corporation (MTG) yields 2.19% ($0.68 per share annually), with a blended fair-value estimate of $45.64 — +47% upside, so it screens as undervalued. Dividend safety grade: A (81/100). 5 years of dividend growth.
Is MTG a good dividend stock?
YesMGIC Investment Corporation (MTG) pays a quarterly dividend yielding 2.19% ($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
- 107% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2007
Key Data
- Dividend Yield
- 2.19%
- 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
- 0.65
- Market Cap
- $6.4B
- P/E Ratio
- 9.7
- 5-Yr Total Return
- 107%
- 52-Week Range
- $24.69 – $31.89
- Dividend Safety
- A · 81/100
- Ever Cut?
- Yes (2007)
Frequently Asked Questions
MTG Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+86%
5 Years
+107%
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?
Undervaluedlow confidenceOur blended fair-value estimate for MGIC Investment Corporation is $45.64 per share, versus a market price of $31.01. That implies 47% of upside — a margin of safety of about 32%.
Fair Value
$45.64
Current Price
$31.01
Upside
+47%
Margin of Safety
32%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 2.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 2.0% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 5, 2026 | — | $0.1700 | regular |
| May 6, 2026 | — | $0.1500 | regular |
| Feb 17, 2026 | — | $0.1500 | regular |
| Nov 6, 2025 | — | $0.1500 | regular |
| Aug 7, 2025 | — | $0.1500 | regular |
| May 8, 2025 | — | $0.1300 | regular |
| Feb 18, 2025 | — | $0.1300 | regular |
| Nov 7, 2024 | — | $0.1300 | regular |
| Aug 8, 2024 | — | $0.1300 | regular |
| May 8, 2024 | — | $0.1150 | regular |
| Feb 14, 2024 | — | $0.1150 | regular |
| Nov 8, 2023 | — | $0.1150 | regular |
| Aug 9, 2023 | — | $0.1150 | regular |
| May 10, 2023 | — | $0.1000 | regular |
Income Calculator
At $0.68 / yr per share
