Why MGIC Investment (MTG) is a Top Dividend Stock for Your Portfolio

Company Overview - MGIC Investment (MTG) is a mortgage insurance company headquartered in Milwaukee, operating in the Finance sector [3] - The stock has experienced a price change of 9.11% since the beginning of the year [3] Dividend Information - MGIC Investment currently pays a dividend of $0.13 per share, resulting in a dividend yield of 2.01%, which is higher than the Insurance - Multi line industry's yield of 1.8% and the S&P 500's yield of 1.52% [3] - The company's annualized dividend of $0.52 has increased by 6.1% from the previous year [4] - Over the past 5 years, MGIC Investment has raised its dividend 4 times, achieving an average annual increase of 20.17% [4] - The current payout ratio is 17%, indicating that the company pays out 17% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for MGIC Investment's earnings in 2025 is $2.92 per share, with an expected increase of 0.34% from the previous year [5] - Earnings growth appears solid for the current fiscal year [5] Investment Considerations - MGIC Investment is viewed as a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 2 (Buy) [6] - The company is positioned well compared to high-growth firms or tech start-ups, which typically do not provide dividends [6]