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

Assured Guaranty Ltd. (NYSE:AGO – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, August 20th will be paid a dividend of 0.38 per share by the financial services provider on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Assured Guaranty has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Assured Guaranty has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Assured Guaranty to earn $6.23 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 24.4%.

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Assured Guaranty Price Performance

AGO opened at $82.63 on Friday. Assured Guaranty has a 12-month low of $72.76 and a 12-month high of $92.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $80.33 and its 200-day simple moving average is $81.95. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.49 and a beta of 0.75.

Assured Guaranty (NYSE:AGO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.28). The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $205.03 million. Assured Guaranty had a net margin of 40.45% and a return on equity of 6.98%. The business’s quarterly revenue was down 30.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. On average, equities research analysts anticipate that Assured Guaranty will post 7.08 earnings per share for the current fiscal year.

About Assured Guaranty

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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.

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