Essent Group Ltd. (NYSE:ESNT) to Issue Quarterly Dividend of $0.35

Key Points

• Essent Group declared a quarterly dividend of $0.35 per share, payable September 10 to shareholders of record on August 31; the dividend implies an annualized payout of $1.40 and a 2.0% yield.
• The company has raised its dividend for six consecutive years, with a low 19.2% payout ratio. Analysts expect earnings of $7.64 per share next year, supporting continued dividend coverage.
• Essent reported quarterly earnings of $2.08 per share on $362.69 million in revenue, while its stock recently traded at $68.56, near its 12-month high of $70.00.

Essent Group Ltd. (NYSE:ESNT - Get Free Report) announced a quarterly dividend on Friday, August 7th. Investors of record on Monday, August 31st will be paid a dividend of 0.35 per share by the financial services provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st.

Essent Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Essent Group has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Essent Group to earn $7.64 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 18.3%.

Essent Group Stock Performance

Essent Group stock traded up $3.05 during midday trading on Friday, reaching $68.56. The stock had a trading volume of 941,837 shares, compared to its average volume of 741,880. Essent Group has a 12 month low of $55.34 and a 12 month high of $70.00. The firm's 50-day moving average price is $62.57 and its 200 day moving average price is $61.51. The firm has a market capitalization of $6.32 billion, a PE ratio of 9.77, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.09.

Essent Group (NYSE:ESNT - Get Free Report) last issued its earnings results on Tuesday, June 30th. The financial services provider reported $2.08 earnings per share for the quarter. The firm had revenue of $362.69 million during the quarter. Essent Group had a net margin of 53.64% and a return on equity of 12.01%. As a group, research analysts predict that Essent Group will post 7.24 earnings per share for the current fiscal 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.

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