Radian Announces Increase to Quarterly Dividend
14 Febrero 2024 - 3:30PM
Business Wire
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
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