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

Radian Group Inc. (NYSE:RDN) announced 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 dividend 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 increased its dividend annually for the last 6 consecutive years. Radian Group has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.3%

Shares of NYSE RDN 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. The firm has a 50-day moving average of $34.84 and a 200 day moving average of $35.33. Radian Group has a 1 year low of $30.53 and a 1 year high of $41.05. The stock has a market cap 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 announced its quarterly earnings data on Thursday, November 5th. The insurance provider reported $1.44 EPS for the quarter, beating 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 company had revenue of $624.11 million for the quarter, compared to the consensus estimate of $595.99 million. During the same period in the prior year, the firm posted $1.15 EPS. As a group, sell-side analysts expect that Radian Group will post 4.91 EPS for the current fiscal year.

About Radian Group

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.