Radian Boosts Share Repurchase Authorization From $300M To $900M And Program Extension To June 30, 2026
Portfolio Pulse from Benzinga Newsdesk
Radian Group Inc. has increased its share repurchase authorization from $300 million to $900 million and extended the program to June 30, 2026. As of March 31, 2024, the company has repurchased approximately 7 million shares for $183 million. The Board of Directors also approved a quarterly dividend of $0.245 per share, payable on June 20, 2024.
May 22, 2024 | 8:23 pm
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Radian Group Inc. has increased its share repurchase authorization from $300 million to $900 million and extended the program to June 30, 2026. The company has also approved a quarterly dividend of $0.245 per share.
The increased share repurchase authorization and extension of the program indicate strong confidence in the company's financial health and future prospects. This is likely to positively impact the stock price in the short term. Additionally, the approval of a quarterly dividend further signals financial stability and shareholder value, which should also support a positive stock price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100