Essent Group (NYSE: ESNT) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 6.7% increase from the prior dividend of $0.15.

The dividend will be payable on March 20, 2020, to stockholders of record on March 10, 2020, with an ex-dividend date of March 9, 2020.

The annual yield on the dividend is 1.2 percent.

“We are pleased with our strong financial results for both the fourth quarter and full year 2019 as the operating environment remains favorable and credit continues to perform well,” said Mark Casale, Chairman and Chief Executive Officer. “Also, during the quarter we were pleased with Moody’s upgrade of our financial strength rating to A3. We believe that this upgrade is a validation of our progress in making Essent a stronger and more sustainable franchise through the programmatic use of reinsurance.”

For a dividend history and other dividend-related data on Essent Group (ESNT) click here.