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

Key Points

• Radian Group declared a quarterly dividend of $0.255 per share, payable September 9 to shareholders of record as of August 24. The payment represents an annualized dividend of approximately $1.02 and a 2.8% yield.
• The dividend appears well covered, with a current payout ratio of 25.4%; analysts expect next year’s earnings to support a lower projected payout ratio of 19.6%. Radian has raised its dividend for six consecutive years.
• Radian reported quarterly EPS of $1.14, below the $1.34 analyst consensus, while revenue rose 92.3% year over year to $574.96 million, exceeding estimates.

Radian Group Inc. (NYSE:RDN - Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.255 per share by the insurance provider on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 24th.

Radian Group has increased its dividend payment by an average of 0.2%per year 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Radian Group to earn $5.21 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 19.6%.

Radian Group Stock Performance

Shares of RDN stock opened at $36.36 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.58 and a current ratio of 0.41. Radian Group has a 1 year low of $31.50 and a 1 year high of $41.05. The stock has a fifty day moving average of $37.07 and a two-hundred day moving average of $35.34. The firm has a market capitalization of $4.81 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $556.55 million. During the same period last year, the business posted $1.01 earnings per share. Radian Group's revenue for the quarter was up 92.3% on a year-over-year basis. As a group, research analysts expect that Radian Group will post 4.93 EPS for the current year.

About Radian Group

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.

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