Meanwhile, Radian Group has cut its quarterly dividend from $0.02 per share to $0.0025 per share, a reduction of $0.0175. The reduced dividend is payable on Sept. 19 to stockholders of record as of Aug. 19. "As a result of current volatility in the U.S. residential and mortgage markets, we believe this is an appropriate decision until we return to a more stable environment," said S.A. Ibrahim, chief executive of Radian. "Our current liquidity position remains strong, and this reduction will further support our position."
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