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WAYNE, Pa. - Radian Group Inc . (NYSE:RDN), a provider of mortgage and real estate services, has announced an increase in its quarterly dividend, marking the sixth consecutive year of dividend growth for the company. The Board of Directors has approved a new quarterly dividend of $0.255 per share, which is a 4.1 percent increase from the prior dividend rate. According to InvestingPro data, the company’s current dividend yield stands at 3.01%, with a track record of maintaining dividend payments for 32 consecutive years.
Stockholders of record as of February 24, 2025, will be eligible for the dividend, which is scheduled for payment on March 11, 2025. Over the past five years, Radian’s quarterly dividend has more than doubled, reflecting the company’s commitment to enhancing shareholder value. InvestingPro analysis reveals the company is currently trading at a P/E ratio of 8.12, with five analysts recently revising their earnings expectations upward for the upcoming period.
CEO Rick Thornberry attributed the dividend increase to Radian’s robust financial health and strategic agility, which he said enables the company to consistently return capital to its shareholders. This assessment is supported by InvestingPro data showing a strong current ratio of 6.24, indicating the company’s liquid assets comfortably exceed its short-term obligations. Thornberry emphasized that Radian’s dividend yield leads the private mortgage insurance industry, signaling the company’s dedication to shareholder returns and financial excellence. InvestingPro subscribers can access over 30 additional financial metrics and insights about Radian Group in the comprehensive Pro Research Report.
Radian’s operations focus on facilitating homeownership by converting risk into opportunity, providing services and technologies that support housing and capital market participants. The company’s suite of products and services spans mortgage insurance, risk management, real estate, and title services, all designed to instill confidence in the industry’s stakeholders.
This dividend announcement is based on a press release statement from Radian Group Inc. and reflects the company’s ongoing strategy to deliver value to its investors through regular and increasing dividend payments.
In other recent news, Radian Group has seen significant developments. Keefe, Bruyette & Woods analyst Bose George has revised the price target for the company’s shares to $40.00, maintaining an Outperform rating. Radian Group, along with Essent Group (NYSE:ESNT), was highlighted as top picks for the quarter, with the potential for returning capital to shareholders through buybacks. This positive outlook is based on the expectation of low-double-digit to mid-teens return on equity (ROE) and the company’s earnings resilience in a market environment characterized by sustained higher interest rates and lower loan origination rates.
In a separate development, Radian Group board member Lisa Hess (NYSE:HES) announced her retirement in 2025. The company stated that her decision does not stem from any disagreement with Radian’s operations, policies, or practices.
Radian Group has also expanded its credit facility to $300 million by amending its existing agreement with JPMorgan Chase (NYSE:JPM) Bank, N.A. This amendment provides Radian with additional financial flexibility and is a key component of the company’s capital management operations. These are some of the recent developments for Radian Group.
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