Assured Guaranty Ltd. (AGO) to Issue Quarterly Dividend of $0.34 on May 30th

Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend on Friday, May 2nd, RTT News reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.34 per share by the financial services provider on Friday, May 30th. This represents a $1.36 annualized dividend and a yield of 1.51%.

Assured Guaranty has increased its dividend payment by an average of 12.1% per year over the last three years. Assured Guaranty has a payout ratio of 18.8% 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 Stock Up 3.1 %

AGO stock opened at $90.22 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $85.26 and a 200-day simple moving average of $88.30. The company has a market capitalization of $4.51 billion, a P/E ratio of 7.01 and a beta of 0.84. Assured Guaranty has a twelve month low of $72.57 and a twelve month high of $96.50.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.07). The company had revenue of $199.00 million for the quarter, compared to analyst estimates of $199.56 million. Assured Guaranty had a return on equity of 11.58% and a net margin of 70.37%. On average, equities research analysts predict that Assured Guaranty will post 7.3 earnings per share for the current fiscal year.

About Assured Guaranty

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.