Radian Group Inc. (RDN) to Issue Quarterly Dividend of $0.26 on March 10th

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, February 11th. Investors 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 yield of 3.1%. The ex-dividend date 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 raised 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. Equities 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 Price Performance

RDN stock opened at $33.33 on Friday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 8.03 and a beta of 0.81. The company has a quick ratio of 1.67, a current ratio of 0.42 and a debt-to-equity ratio of 0.23. Radian Group has a 52-week low of $29.32 and a 52-week high of $38.84. The business has a fifty day moving average of $34.38 and a two-hundred day moving average of $34.66.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. As a group, research analysts anticipate that Radian Group will post 3.79 earnings per share for the current year.

About Radian Group

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.