Radian Declares Regular Dividend
Radian Group will pay a two cents per common share dividend on June 20, unchanged from the previous quarter.
Radian Group is a global credit risk management company that relies on its core mortgage credit risk expertise and structured finance capabilities to provide credit enhancement products and services.
The company reported net income of $522.9 million for calendar 2005 on revenue of $1.3 billion. It had a market capitalization of $4.9 billion at the end of last year. Radian had direct, primary mortgage insurance-in-force of $109.7 billion as of Dec. 31, 2005.
Radian's stock opened on Monday, June 5 at $61.62. The company's 52-week range is $45.85 to $65.80. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com