About Midwest Holding Inc. (MDWT) — Dividend Analysis 2026
Midwest Holding Inc., a financial services company, engages in life and annuity insurance business in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors comprising independent marketing organizations. It also provides asset management services to third-party insurers and reinsurers; and other services, including policy administration services. The company was incorporated in 2003 and is based in Lincoln, Nebraska.
Is MDWT a good dividend investment in 2026?
MDWT offers a 7.41% forward yield with a 50% payout ratio. Strand Safety Score: 85/100 (Very Safe). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
MDWT DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MDWT portfolio grows to $19.96 vs $750.19 without reinvestment. This is the compound interest effect in action.
MDWT dividend growth history & forecast
MDWT has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 7.41%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 MDWT Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MDWT.
Gross yield
7.41%
Tax rate
15.00%
After-tax yield
6.30%
Real yield (−CPI)
3.50%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
7.41%
4.61%
$741 / yr
🇺🇸 US Taxable (15%) ✓
15%
6.30%
3.50%
$630 / yr
🇺🇸 US Taxable (20%)
20%
5.93%
3.13%
$593 / yr
🇬🇧 UK ISA
0%
7.41%
4.61%
$741 / yr
🇬🇧 UK Taxable
8.75%
6.76%
3.96%
$676 / yr
🇨🇦 TFSA
0%
7.41%
4.61%
$741 / yr
🇨🇦 CA Taxable
25%
5.56%
2.76%
$556 / yr
🇦🇺 Super (pension)
15%
6.30%
3.50%
$630 / yr
🇦🇺 AU Taxable
30%
5.19%
2.39%
$519 / yr
🇩🇪 DE Taxable
26.375%
5.46%
2.66%
$546 / yr
🇫🇷 FR Taxable
30%
5.19%
2.39%
$519 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MDWT Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your MDWT investment of $26.98/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$671.13
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1801.17
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MDWT for:
Shares needed
14,118
Capital required
$380,974
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MDWT Dividend Payment Schedule
MDWT pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 MDWT vs Financial Services Benchmarks
How MDWT compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+4.51% vs sectorBetter
MDWT
7.41%
avg
2.90%
5Y Dividend CAGR▼-57.10% vs sectorBelow avg
MDWT
-50.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
MDWT
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MDWT sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MDWT Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
0.97
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
6/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MDWT dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →