Radian Declares Regular Quarterly Dividend on Common Stock and Approves New Share Repurchase Authorization
August 14 2019 - 4:30PM
Business Wire
Radian Group Inc. (NYSE: RDN) announced today that the company’s
Board of Directors approved a regular quarterly dividend on its
common stock in the amount of $0.0025 per share, payable on
September 6, 2019, to stockholders of record as of August 26,
2019.
In addition, the Board of Directors has approved a new share
repurchase program that enables the company to repurchase its
common stock. The shares may be purchased in the open market or in
privately negotiated transactions. The company’s previous $250
million share repurchase program was fully utilized on July 23,
2019.
The new authorization provides Radian the flexibility to
repurchase shares opportunistically from time to time and spend up
to $200 million, based on market and business conditions, stock
price and other factors. The authorization is effective immediately
and expires on July 31, 2020. Radian plans to utilize a Rule 10b5-1
plan, which would permit the company to purchase shares, at
pre-determined price targets, when it may otherwise be precluded
from doing so.
About Radian
Radian 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, real estate, and title services. We are
powered by technology, informed by data and driven to deliver new
and better ways to transact and manage risk. Learn more about
Radian’s financial strength and flexibility at www.radian.biz and
visit www.radian.com to see how Radian is shaping the future of
mortgage and real estate services.
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version on businesswire.com: https://www.businesswire.com/news/home/20190814005661/en/
Emily Riley – Phone: 215.231.1035 Email:
emily.riley@radian.com
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