WAYNE, PA — Radian Group Inc. (NYSE: RDN), a leading provider of mortgage insurance and comprehensive real estate services, is ramping up its return of capital to stockholders with an increased quarterly dividend. The company’s Board of Directors has approved a quarterly dividend of $0.245 per share, marking a 9 percent increase from the previous payout.
The dividend will be distributed on March 12, 2024, to stockholders who are on record as of February 26, 2024. This move represents the fifth consecutive year Radian Group has hiked its quarterly dividend, which has seen a cumulative increase of 96 percent over the past four years.
Radian Group’s consistent increases in dividends underscore its financial strength and flexibility. The company’s ability to continually return capital to stockholders even amidst an unpredictable economic landscape reflects its resilient business model and prudent financial management.
“I am pleased that Radian’s financial strength and flexibility support the continued return of capital to stockholders, including an increase to our dividend,” said Rick Thornberry, Chief Executive Officer of Radian Group. He further emphasized that the company’s regular dividend yield continues to outpace others in the private mortgage insurance industry.
Radian Group, a stalwart in the American home ownership sector, offers a suite of products and services that encompass mortgage insurance and a wide range of real estate services. These include mortgage, risk, title, valuation, asset management, and more. The company is distinguished by its technology-driven approach, data-informed decision-making, and commitment to developing innovative ways to transact and manage risk.
As Radian Group continues its trajectory of growth and strong financial performance, stockholders can look forward to benefiting from the company’s robust dividend policy. However, investors should bear in mind that future dividends are subject to board approval and may be influenced by the company’s financial position and market conditions.
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