Benzinga | May 20, 2021 10:13AM EDT

Ex-Dividend Date Insight: Radian Group

On May 4, 2021, Radian Group (NYSE:RDN) declared a dividend payable on June 4, 2021 to its shareholders. Radian Group also announced that shareholders on the company's books on or before May 24, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Radian Group, which has a current dividend per share of $0.14, has an ex-dividend date scheduled for May 21, 2021. That equates to a dividend yield of 2.27% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Radian Group's Dividend Performance

Over the past year, Radian Group has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 22, 2020 the company's payout was $0.12, which has since grown by $0.02. Radian Group's dividend yield last year was 3.63%, which has since decreased by 1.36%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Radian Group's previous dividends.