Assured Guaranty Ltd. (NYSE:AGO) Announces $0.20 Quarterly Dividend

Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Tuesday, November 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 18th will be given a dividend of 0.20 per share by the financial services provider on Wednesday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, November 17th.

Assured Guaranty has increased its dividend by 38.5% over the last three years and has increased its dividend annually for the last 1 consecutive years. Assured Guaranty has a payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings.

AGO opened at $30.76 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $26.21 and a 200-day simple moving average of $24.76. The stock has a market capitalization of $2.33 billion, a P/E ratio of 7.79 and a beta of 1.08. Assured Guaranty has a 12 month low of $13.64 and a 12 month high of $50.77.

Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Tuesday, November 10th. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). The business had revenue of $232.00 million during the quarter, compared to analyst estimates of $208.82 million. Assured Guaranty had a net margin of 34.01% and a return on equity of 4.42%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share.

Separately, MKM Partners reduced their price target on Assured Guaranty from $65.00 to $45.00 in a report on Friday, August 7th.

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. The company operates in two segments, Insurance and Asset Management. 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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