Radian Announces Increase to Quarterly Dividend
WAYNE, Pa.--(BUSINESS WIRE)--Feb. 14, 2024--
Radian Group Inc. (NYSE: RDN) announced today its plans to continue the return of capital to stockholders through an increased quarterly dividend. The company’s Board of Directors approved a quarterly dividend of $0.245 per share, an increase of 9 percent from the previous quarterly dividend. The dividend is payable on March 12, 2024, to stockholders of record as of February 26, 2024. This is the fifth consecutive year the company has increased the quarterly dividend, with a total increase of 96 percent over the past four years.
Chief Executive Officer Rick Thornberry commented, “I am pleased that Radian’s financial strength and flexibility support the continued return of capital to stockholders, including an increase to our dividend. Our regular dividend yield continues to be the highest in the private mortgage insurance industry.”
About Radian
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit radian.com and homegenius.com to learn more about how Radian and its pioneering homegenius platform are building a smarter future for mortgage and real estate services.
Forward-Looking Statements
All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all risks that may affect us. Our ability and willingness to declare future dividends, as well as our ability to sustain growth in our businesses, are subject to risks and uncertainties including, without limitation: our ability to successfully execute and implement our capital plans and to maintain sufficient holding company liquidity to meet our liquidity needs; our ability to successfully execute and implement our business plans and strategies; our ability to maintain an adequate level of capital in our insurance subsidiaries to satisfy existing and future regulatory requirements; and changes in economic, market and political conditions that, among other things, may affect our capital resources, liquidity and financial resources. For more information regarding these risks and uncertainties as well as other additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022, and subsequent reports filed from time to time with the U.S. Securities and Exchange Commission.
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For Investors
John Damian – Phone: 215.231.1383
Email: john.damian@radian.com
For the Media
Rashi Iyer – Phone: 215.231.1167
Email: rashi.iyer@radian.com
Source: Radian Group Inc.
