Essent Group Ltd. (ESNT) to Issue Quarterly Dividend of $0.35 on June 10th

Essent Group Ltd. (NYSE:ESNT) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Monday, June 1st will be given a dividend of 0.35 per share by the financial services provider on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, June 1st.

Essent Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. Essent Group has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Essent Group to earn $7.85 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.8%.

Essent Group Stock Up 2.5%

ESNT opened at $63.12 on Friday. The company has a market cap of $5.93 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.80 and a beta of 0.81. The business’s 50-day moving average price is $60.15 and its 200-day moving average price is $61.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. Essent Group has a 12 month low of $55.22 and a 12 month high of $67.09.

Essent Group (NYSE:ESNT) last released its quarterly earnings data on Friday, May 8th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.68 by $0.14. The firm had revenue of $336.07 million for the quarter, compared to the consensus estimate of $297.56 million. Essent Group had a return on equity of 12.09% and a net margin of 54.72%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 earnings per share. On average, equities analysts expect that Essent Group will post 7.29 EPS for the current year.

About Essent Group

Essent Group Ltd. (NYSE: ESNT) is a publicly traded insurance holding company specializing in private mortgage insurance and mortgage reinsurance solutions. Through its primary subsidiary, Essent Guaranty, the company provides credit protection to mortgage lenders, helping mitigate the risk of borrower default on residential mortgage loans. Essent’s insurance policies enable lenders to offer low-down-payment programs, supporting homebuyers in achieving homeownership with reduced upfront equity requirements.

Beyond traditional mortgage insurance, Essent offers a suite of risk management and analytics services designed to help financial institutions monitor and manage mortgage portfolios.