Assured Guaranty Ltd. Declares Quarterly Dividend of $0.18 (AGO)

Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.18 per share by the financial services provider on Wednesday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 21st.

Assured Guaranty has increased its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 7 years.

AGO opened at $42.46 on Thursday. The stock has a market capitalization of $4.34 billion, a PE ratio of 11.19 and a beta of 1.04. Assured Guaranty has a 1-year low of $34.93 and a 1-year high of $47.97. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.19.

Assured Guaranty (NYSE:AGO) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The company had revenue of $234.00 million during the quarter, compared to the consensus estimate of $228.29 million. Assured Guaranty had a net margin of 41.81% and a return on equity of 6.27%. The company’s revenue was down 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS.

Separately, MKM Partners boosted their target price on shares of Assured Guaranty to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

In other news, Director G Lawrence Buhl sold 3,873 shares of Assured Guaranty stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $43.77, for a total value of $169,521.21. Following the completion of the transaction, the director now directly owns 59,352 shares of the company’s stock, valued at approximately $2,597,837.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.81% of the company’s stock.

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About Assured Guaranty

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

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Dividend History for Assured Guaranty (NYSE:AGO)

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