Radian Declares Regular Quarterly Dividend on Common Stock
09 Février 2005 - 8:00PM
PR Newswire (US)
Radian Declares Regular Quarterly Dividend on Common Stock
PHILADELPHIA, Feb. 9 /PRNewswire-FirstCall/ -- Radian Group Inc.
(NYSE:RDN) announced today that the company's Board of Directors
has approved a regular quarterly dividend on its common stock in
the amount of $0.02 per share, payable on March 21, 2005, to
shareholders of record as of February 23, 2005. Radian Group Inc.
is a leading credit enhancement provider to the global financial
and capital markets, headquartered in Philadelphia. Radian's
subsidiaries provide products and services through three business
lines: financial guaranty, mortgage insurance and other financial
services. Additional information may be found at
http://www.radian.biz/. All statements in this press release that
address operating performance, events or developments that we
expect or anticipate may occur in the future are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
U.S. Private Securities Litigation Reform Act of 1995. These
statements are made on the basis of management's current views and
assumptions with respect to future events. The forward-looking
statements are subject to risks and uncertainties including the
following: changes in general financial and political conditions,
such as extended national or regional economic recessions (or
expansions), changes in housing values, changes or volatility in
interest rates, or other political instability; changes in investor
perception of the strength of private mortgage insurers or
financial guaranty providers, and risks faced by the businesses,
municipalities or pools of assets covered by Radian's insurance;
the loss of significant customers with whom Radian has a
concentration of its insurance in force; rising delinquencies in
mortgage loans insured by Radian resulting from increased
consolidation of mortgage lenders and servicers; increased severity
or frequency of losses associated with certain Radian products that
are riskier than traditional mortgage insurance and municipal
guaranty insurance policies; material changes in persistency rates
of Radian's mortgage insurance policies; downgrades of the
insurance financial-strength ratings assigned by the major ratings
agencies to Radian's operating subsidiaries; intense competition
from others and from alternative products to private mortgage
insurance and financial guaranty insurance; changes in the business
practices of Fannie Mae and Freddie Mac; legislative and regulatory
changes affecting demand for private mortgage insurance and
financial guaranty insurance; changes in claims against mortgage
insurance products resulting from the aging of Radian's mortgage
insurance policies; changes in Radian's ability to maintain
sufficient reinsurance capacity in an increasingly concentrated
reinsurance market; vulnerability to the performance of Radian's
strategic investments; and the loss of executive officers or other
key personnel. Investors are also directed to other risks discussed
in documents filed by Radian with the SEC, including the factors
detailed in our annual report on Form 10-K for the year ended
December 31, 2003 in the section immediately preceding Part I of
the report. Radian does not intend to and disclaims any duty or
obligation to update or revise any forward-looking statements made
in this press release to reflect new information, future events or
for any other reason. DATASOURCE: Radian Group Inc. CONTACT: For
investors: Mona Zeehandelaar, +1-215-231-1674, email: , or For the
media: David Cheung, +1-215-231-1362, email: , both of Radian Group
Inc. Web site: http://www.radian.biz/
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