Radian Group Inc. Announces Quarterly Dividend of $0.26 (NYSE:RDN)

Radian Group Inc. (NYSE:RDNGet Free Report) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.255 per share by the insurance provider on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd.

Radian Group has increased its dividend payment by an average of 1.5%per year over the last three years and has increased its dividend every year for the last 6 years. Radian Group has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Radian Group to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 26.0%.

Radian Group Stock Up 3.6%

Shares of RDN opened at $34.23 on Thursday. The company has a market capitalization of $4.64 billion, a P/E ratio of 8.54 and a beta of 0.81. Radian Group has a one year low of $29.32 and a one year high of $38.84. The business’s 50 day simple moving average is $34.67 and its 200-day simple moving average is $34.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67.

Radian Group Company Profile

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Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.

See Also

Dividend History for Radian Group (NYSE:RDN)

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