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

Radian Group Inc. (NYSE:RDN) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.255 per share by the insurance provider on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Radian Group has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Radian Group has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $5.40 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 18.9%.

Radian Group Price Performance

Shares of NYSE RDN opened at $37.20 on Friday. The stock’s 50-day moving average is $34.86 and its two-hundred day moving average is $34.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. Radian Group has a 1-year low of $31.50 and a 1-year high of $38.84. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. During the same quarter in the prior year, the business earned $0.99 EPS. Radian Group’s revenue was up 46.6% on a year-over-year basis. Analysts forecast that Radian Group will post 5.23 EPS for the current fiscal 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.