Assured Guaranty Ltd. (NYSE:AGO) to Issue Quarterly Dividend of $0.38

Assured Guaranty Ltd. (NYSE:AGO) declared a quarterly dividend on Friday, February 20th. Shareholders of record on Friday, March 6th will be given a dividend of 0.38 per share by the financial services provider on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 6th. This is a 11.8% increase from Assured Guaranty’s previous quarterly dividend of $0.34.

Assured Guaranty has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Assured Guaranty has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Assured Guaranty to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.9%.

Assured Guaranty Price Performance

Shares of AGO stock traded up $1.69 during trading hours on Friday, hitting $88.42. The company’s stock had a trading volume of 213,978 shares, compared to its average volume of 271,846. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $87.71 and a 200-day moving average of $85.34. Assured Guaranty has a twelve month low of $74.09 and a twelve month high of $93.12. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 10.97 and a beta of 0.94.

About Assured Guaranty

Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company’s primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events.

In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects.