15 Dividend Growth Stocks with the Highest Growth Rates

12. MGIC Investment Corporation (NYSE:MTG)

5-Year Average Dividend Growth Rate: 18.47%

Barclays made a small upward adjustment to its view on MGIC Investment Corporation (NYSE:MTG) on January 6, raising its price target to $30 from $28. The firm kept an Equal Weight rating on the stock. In its 2026 outlook, Barclays said it sees more upside potential in select consumer finance names next year. The analyst pointed to a “benign” credit environment as a helpful setup for loan growth and also expects the mortgage origination market to improve in 2026. The firm’s updated target was part of its broader sector refresh for the year ahead.

MGIC also had a strong third quarter in 2025. CEO Timothy Mattke said the company posted net income of $191 million and delivered an annualized return on equity of 14.8%. Book value per share climbed to $22.87, up 11% from the same period last year.

Shareholder returns remained a key focus as well. Mattke noted MGIC returned $980 million through dividends and share repurchases, while cutting its share count by 12%. The company also reached a major milestone, ending the quarter with more than $300 billion in insurance in force — a first for the industry.

MGIC Investment Corporation (NYSE:MTG) operates through its main subsidiary, Mortgage Guaranty Insurance Corporation, and provides mortgage insurance to lenders across the United States.