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

Radian Group Inc. (NYSE:RDN) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Monday, November 23rd will be given a dividend of $0.2550 per share by the insurance provider on Tuesday, December 8th. This represents a $1.02 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, November 23rd.

Radian Group has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Radian Group has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Radian Group to earn $5.14 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 19.8%.

Radian Group Price Performance

Shares of Radian Group stock opened at $37.25 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.60. Radian Group has a one year low of $30.53 and a one year high of $41.05. The business’s 50 day simple moving average is $34.84 and its two-hundred day simple moving average is $35.33. The stock has a market capitalization of $4.71 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.93 and a beta of 0.69.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, November 5th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.24. Radian Group had a net margin of 28.41% and a return on equity of 14.39%. The firm had revenue of $624.11 million for the quarter, compared to analysts’ expectations of $595.99 million. During the same quarter last year, the business earned $1.15 earnings per share. Analysts forecast that Radian Group will post 4.91 EPS for the current year.

Radian Group Company Profile

Radian Group Inc. is a mortgage and real estate services company whose primary business is private mortgage insurance. Through its subsidiaries, it provides mortgage insurance to lenders and other housing finance participants in the United States. Mortgage insurance helps protect lenders and investors against losses if borrowers default. It can also support home purchases by allowing qualified borrowers to obtain mortgages with smaller down payments than would otherwise be required. Radian also offers services and solutions related to mortgage risk management.