Radian Group Inc. (RDN) to Issue Quarterly Dividend of $0.26 on June 17th

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 3.0%. The ex-dividend date is Tuesday, June 2nd.

Radian Group has increased its dividend 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $5.15 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 Trading Down 1.6%

Shares of NYSE:RDN opened at $34.11 on Friday. The company’s 50-day moving average price is $35.17 and its two-hundred day moving average price is $34.73. 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 one year low of $31.50 and a one year high of $38.84. The stock has a market capitalization of $4.54 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.87 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 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities analysts forecast that Radian Group will post 5.11 EPS for the current fiscal year.

Radian Group Company Profile

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.