Radian Group gains on new buyback plan of $300 mln

Radian

18/01/2023 15:28

** Shares of mortgage and real estate company Radian Group
Inc  RDN.N  up 6.6% at $21.10
    ** Stock set for best day in more than 2 1/2 years if gains
hold
    ** RDN announces new share buyback plan worth $300 mln
 urn:newsml:reuters.com:*:nBw7CYBpca
    ** Company says its flagship mortgage unit Radian Guaranty
Inc to begin paying recurring ordinary dividends to Radian
Group, with 2023 ordinary dividends projected to be between $300
mln and $400 mln
    ** The unit hasn't paid an ordinary dividend to Radian Group
since the start of the financial crisis in 2007 - RDN
    ** RDN shares fell 9.7% last year
 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))